|
|
|
Weekly market-Markets this week: Sensex, Nifty up 2.6%
|
|
Saturday, July 16, 2016 |
| | | Market Commentary | | | Markets this week: Sensex, Nifty up 2.6% | | Indian shares surged for the week after the sentiments got boost from domestic and global cues. The Sensex and Nifty rose 2.6% each for the week ended July 15, 2016. | |
 Major Headlines for the week:
Indian indices:
Welcome to the 'Weekly Market Wrap' for Friday, July 15, 2016 where the key benchmark indices key benchmark indices jumped in the week ended 15 July 2016, mainly boosted by a sharp jump witnessed on the opening day of the week on Monday, 11 July 2016 tracking gains in global stocks after better American jobs data and hopes for continued support from the world's central banks helped power Wall Street to a record high. The Sensex gained in four out of five sessions of the week. Recovery in monsoon rains also supported gains on the bourses. The Sensex settled below the psychological 28,000 mark after moving past that mark in intraday trade on Friday, 15 July 2016. World stocks gained during the week as stronger-than-expected US jobs report announced last weekend suggested that the US economic recovery was back on track. Global markets were also boosted by the election in the upper house elections held on 10 July 2016, in which Prime Minister Shinzo Abe's ruling coalition led by his Liberal Democratic Party won a landslide victory, making it far easier for Abe to push through his economic agenda dubbed Abenomics. Anticipation was also growing that Abe would soon introduce a fresh fiscal stimulus package to help the stagnant economy. The Sensex rose 709.60 points or 2.61% to settle at 27,836.50, in the week ended 15 July 2016. The Nifty gained 218.20 points or 2.62% to settle at 8,541.40. The BSE Mid-Cap index gained 2.06%. The BSE Small-Cap index rose 0.02%. Both these indices underperformed the Sensex.
Weekly market trend from July 11 - July 15, 2016:
July 11- Trading for the week started on a firm note. Banking, auto sector stocks and index heavyweights HDFC, ITC and Infosys led rally for the two key benchmark indices on Monday, 11 July 2016 triggered by firm global stocks. The Sensex jumped 499.79 points or 1.84% to settle at 27,626.69, its highest closing level since 19 August 2015.
July 12- Positive cues from global markets aided the latest upmove on the domestic bourses on Tuesday, 12 July 2016. The Sensex rose 181.45 points or 0.66% to settle at 27,808.14, its highest closing level since 19 August 2015.
July 13- In what was a lacklustre trading session, key benchmark indices settled near the flat line after movement was confined to a narrow range around the flat line throughout the session on Wednesday, 13 July, 2016. The Sensex rose 7.04 points or 0.03% to settle at 27,815.18, its highest closing level since 19 August 2015.
July 14- Key benchmark indices logged decent gains in what was a volatile session of trade on Thursday, 14 July 2015 as upbeat European stocks boosted sentiment on the domestic bourses. The  Sensex rose 126.93 points or 0.46% to settle at 27,942.11, its highest closing level since 14 August 2015.
July 15- A weak start to the earnings season weighed on the bourses on Friday, 15 July 2016. The Sensex fell 105.61 points or 0.38% to settle at 27,836.50.
Global indices:
All the global indices ended higher this week. Nikkei rose 9.21%, Hang Seng rose 5.33%, DAX100 gained 4.54% and CAC40 rose 4.34%.
 Sectoral and stock screening:
The 13 sectors ended mostly higher except S&P BSE IT which fell 3.56% and SP BSE TECk slipped 1.97%. Top gainers: S&P BSE Metal up 8.31%, S&P BSE Bankex rose 5.27% and S&P BSE Auto gained 3.63%.
| | Looking at the 'A' group stocks, the top three gainers of the week were: Cox & Kings up 19.27%, Cairn India up 18.98% and Tata Steel up 17.03%.
Top three losers of the week were: Network 18 down 11.95%, TV 18 Broadcast down 10.89% and M&M Finance fell 8.85%.
FII/MF activity:
The foreign institutional investors (FIIs) have been the net buyers of the Indian stocks to the tune of Rs1762.02 crore and the domestic investors sold Indian shares worth Rs47.00 crore as on July 13, 2016.
| | TOP MOVERS (GROUP A) |  | | | | | | | | | | | | | | | | | | TV 18 Broadcast | 40.90 | -10.89 | | | | | | | |
| FII/MF ACTIVITIES | | | | | | | Gross purchase | 14,157.10 | 3,642 | | | Gross sale | 12,395.08 | 3,689 | | | Net investment | 1,762.02 | -47 | | | | | | | | | Data as on July 13, 2016 | | | |
Market Outlook for the coming week!
Macroeconomic data, next batch of Q1 results of India Inc., progress of monsoon rains, proceedings of the monsoon session of Parliament, trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), the movement of rupee against the dollar and crude oil price movement will dictate trend on the bourses in the near term.
Shares of public sector oil marketing companies (PSU OMCs) will on Monday, 18 July 2016, react to a regular fuel price revision due during this weekend. PSU OMCs review fuel prices twice a month based on the trend in international oil market and currency movement. Meanwhile, investors are hopeful about passage of key bills including Goods & Services Tax (GST) Bill during the monsoon session of Parliament, with proceedings slated to begin from next week. GST, touted as the single biggest indirect taxation reforms since independence, will simplify and harmonise the indirect tax regime in the country. The monsoon session of Parliament will begin from 18 July 2016 and concludes on 12 August 2016. On the global front, in US, data on housing starts for June, reflecting the commitment of builders to new construction activity in that month will be out on Tuesday, 19 July 2016. Data on existing home sales for June, tallying the number of previously constructed homes, condominiums and co-ops in which a sale closed during that month will be released on Thursday, 21 July 2016. Markit flash PMI index for the month of July will be released on Friday, 22 July 2016.
| | | | 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 @ 4:30 AM  |
|
|
|
|
|
