|
|
|
Weekly report: Sensex, Nifty post biggest Weekly gain in nearly 3 months
|
|
Friday, May 27, 2016 |
| | | Market Commentary | | | Sensex, Nifty post biggest Weekly gain in nearly 3 months | | Indian markets witnessed best week as investors got boost from corporate earnings and key positives in domestic arena. The Sensex and Nifty fell 5.34%-5.25% each for the week ended May 27, 2016. | |
 Major Headlines for the week:
Indian indices:
Welcome to the 'Weekly Market Wrap' for Friday, May 27, 2016 where the positive global cues, an upward revision in monsoon forecast by Skymet, Prime Minister Narendra Modi's comments indicating that further economic reforms are on the cards triggered a rally on the domestic bourses.
The barometer index, the S&P BSE Sensex, moved above the psychological 26,000 mark and the Nifty regained the psychological 8,000 mark during the week. Key indices edged higher in four out of five trading sessions during the week. The BSE Mid-Cap index rose 323.85 points or 2.94% to settle at 11,347.03. The BSE Small-Cap index rose 146.70 points or 1.34% to settle at 11,110.96. Both these indices underperformed the Sensex.
In the week ended Friday, 27 May 2016, the 30-share S&P BSE Sensex gained 1,351.70 points or 5.34% to settle at 26,653.60. The Nifty 50 index gained 406.95 points or 5.25% to settle at 8,156.65.
Weekly market trend from May 23 - May 28, 2016:
May 23: Indian stocks fell for a fourth consecutive session on Monday, erasing gains earlier in the day as European shares were hit by sagging commodity prices and on caution ahead of a likely increase in U.S. interest rates as early as June. The S&P BSE Sensex and CNX Nifty fell 0.28%-0.24%.
May 24: Indian shares edged higher, heading for their first gain in five sessions after well-received corporate results, including from Tata Power, offset lingering worries about rate hikes by the US Fed Reserve. The S&P BSE Sensex and CNX Nifty rose 0.30%-0.23%.
May 25: Indian shares jumped more than 2% on Wednesday to post their best gain in nearly three months, as companies with big rural sales rose after a private weather forecaster predicted more monsoon rains than initially estimated. The S&P BSE Sensex and CNX Nifty rose 2.27%-2.40% each.
May 26: Indian shares rose nearly 2 percent on Thursday to post their third session of gains, as Larsen & Toubro surged after upbeat March-quarter results, raising hopes about the domestic economy. The S&P BSE Sensex and CNX Nifty rose 1.88%-1.70% each.
 May 27: Indian shares rose more than 1 percent on Friday, heading for their fourth session of gains and best weekly jump in nearly three months, after companies such as Bharat Petroleum Corp Ltd posted upbeat earnings. The S&P BSE Sensex and CNX Nifty rose 1.09%-1.08% each.
Global indices:
Global indices ended mostly higher except Shanghai Comp which fell 0.16% while Hang Seng rose 3.72%, CAC40 rose 3.65% and DAX100 gained 3.60%.
 Sectoral and stock screening:
All 13 sectors ended in the green zone. Top gainers: S&P BSE CG up 11.19%, S&P BSE Bankex surged 6.46% and S&P BSE FMCG rose 5.50%
| | Looking at the 'A' group stocks, the top three gainers of the week were: L&T up 17.25%, Finolex Cables up 17.09% and SBI up 14.06%.
Top three losers of the week were: Just Dial down 13.37%, Cummins India down 8.81% and Britannia Industries down 7.32%.
FII/MF activity:
The foreign institutional investors (FIIs) have been the net sellers of the Indian stocks to the tune of Rs327.86 crore as on May 25, 2016 and the domestic investors bought Indian shares worth Rs1272.80 crore as on May 24, 2016. | | TOP MOVERS (GROUP A) |  | | | | | | | | | | Finolex Cables | 334.05 | 17.09 | | | | | | | | | Cummins India | 785.25 | 8.81 | | | Britannia Industries | 2,719.00 | 7.32 | | | | | | | FII/MF ACTIVITIES | | | | | | | Gross purchase | 10,418.93 | 2,755.90 | | | Gross sale | 10,746.79 | 1,483.10 | | | Net investment | -327.86 | 1,272.80 | | | | | | | | *As on May 25, 2016
**As on May 24, 2016 | | | | Market Outlook for the coming week!
In the coming Week, the final batch of Q4 March 2016 corporate results, the outcome of the monthly surveys on India's manufacturing and services sectors, the onset of the monsoon rains and trend in global financial markets will dictate the near term trend on the domestic bourses.
Stocks of auto companies will be in focus as companies start unveiling monthly sales volume data for May 2016 from June 01, 2016.
Markit Economics will unveil the outcome of a monthly survey on India's manufacturing sector for May 2016 on June 01, 2016.
Markit Economics will unveil the outcome of a monthly survey on India's services sector for May 2016 on June 03, 2016.
The movement of global crude oil prices will remain in focus as an official meeting of the Organization of the Petroleum Exporting Countries (OPEC) is scheduled on June 02, 2016, in Austria's capital Vienna.
On the global front, Asian markets will on Monday, 30 May 2016, react to comments from US Federal Reserve Chairwoman Janet Yellen at a scheduled speech at Harvard University on May 27, 2016.
The US stock market is closed on Monday, May 30, 2016, for the Memorial Day holiday. | | | | To know more about our products and services, click here. |  | REGISTRATION DETAILS Regd Add: Sharekhan Limited, 10th Floor, Beta Building, Lodha iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg Railway Station, Kanjurmarg (East), Mumbai - 400042, Maharashtra. Tel: 022 - 61150000. Sharekhan Ltd.: SEBI Regn. Nos. BSE - INB/INF011073351 ; BSE- CD ; NSE - INB/INF231073330 ; CD-INE231073330 ; MCX Stock Exchange - INB/INF261073333 ; CD-INE261073330 ; DP - NSDL-IN-DP-NSDL-233-2003 ; CDSL-IN-DP-CDSL-271-2004 ; PMS-INP000000662 ; Mutual Fund-ARN 20669 ; Commodity trading through Sharekhan Commodities Pvt. Ltd.: MCX-10080 ; (MCX/TCM/CORP/0425) ; NCDEX-00132 ; (NCDEX/TCM/CORP/0142) ; NCDEX SPOT-NCDEXSPOT/116/CO/11/20626 ; For any complaints email at igc@sharekhan.com ; Disclaimer: Client should read the Risk Disclosure Document issued by SEBI & relevant exchanges and Do's & Don'ts by MCX & NCDEX and the T & C on www.sharekhan.com before investing. | | | | "This document has been prepared by Sharekhan Ltd. (SHAREKHAN) and is intended for use only by the person or entity to which it is addressed to. This document may contain confidential and/or privileged material and is not for any type of circulation and any review, retransmission, or any other use is strictly prohibited. This document is subject to changes without prior notice. This document does not constitute an offer to sell or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Though disseminated to all customers who are due to receive the same, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report.
The information contained herein is obtained from publicly available data or other sources believed to be reliable and SHAREKHAN has not independently verified the accuracy and completeness of the said data and hence it should not be relied upon as such. While we would endeavour to update the information herein on a reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees ("SHAREKHAN and affiliates") are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. This document is prepared for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. Recipients of this report should also be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as he deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult his own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views. Affiliates of SHAREKHAN may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report.
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject SHAREKHAN and affiliates to any registration or licencing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction. Either SHAREKHAN or its affiliates or its directors or employees/representatives/clients or their relatives may have position(s), make market, act as principal or engage in transactions of purchase or sell of securities, from time to time or may be materially interested in any of the securities or related securities referred to in this report and they may have used the information set forth herein before publication. SHAREKHAN may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall SHAREKHAN, any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind. The analyst certifies that all of the views expressed in this document accurately reflect his or her personal views about the subject company or companies and its or their securities and do not necessarily reflect those of SHAREKHAN. Further, no part of the analyst's compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this document." Compliance Officer: Ms. Namita Amod Godbole; Tel: 022-6115000; e-mail: compliance@sharekhan.com
Contact: myaccount@sharekhan.com | | | |
|
posted by Anonymous @ 8:02 AM  |
|
|
|
|
|
