Showing posts with label Bombay Stock Exchange. Show all posts
Showing posts with label Bombay Stock Exchange. Show all posts

Weekly Market Outlook 25th June 2011

Posted by Pinky Verma on Monday, June 27, 2011 Comments: (0)

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SNAPSHOT
Indian stocks markets finally succeeded in salvaging a close in the positive territory, snapping the two week downtrend, as the enthralling close to 700 points rally in the last two trading session of the week for the Sensex helped it to overturn the massive losses incurred on the initial day of the week. The benchmark indices went on to re-capture the important psychological 5,450 and 18,200 levels and end the week with close to two percent gains amid encouraging global cues including a resolution over Greece debt trouble after it gained EU and IMF's approval of its latest five-year austerity plan and also after a decision by International Energy Agency to increase oil supplies. However, what followed in the last two sessions was healthy short covering rally as it seemed like investors keenly awaited for a catalyst to buy in India since they were of the belief that domestic markets have bottomed out and a lot of headwinds have been factored in. The BSE Sensex surged by 370.15 points or 2.07% to 18240.68 during the week ended June 24, 2011. The S&P CNX Nifty heaved by 104.85 points or 1.95% to 5471.25.

Food inflation numbers have ricocheted a week after showing some signs of moderation. According to the data released by Ministry of Commerce and Industry, the index for Food Articles group rose to 9.13 percent for the week-ended June 11, from 8.96 percent for the previous week. The Consumer Price Index (CPI) stood at 107 points in May 2011, higher by 7% as compared to the base of 100 in 2010 and marginally up by 0.1% from the month of April. Foreign Institutional Investors (FIIs) were net sellers in the equity segment in the week with gross purchases of Rs 10400.60 crore and gross sales of 11526.70 crore, leading to a net outflow of Rs 1126.10 crore.

 

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Weekly Market Outlook 18th June 2011

Posted by Pinky Verma on Saturday, June 18, 2011 Comments: (0)

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 SNAPSHOT

Indian equity indices extended the downtrend for the second consecutive week as investors at large continued to avoid long positions amid an increasingly vulnerable global as well as domestic setup. The hefty position squaring in last three session of the week proved very costly for the benchmark indices as it plunged over two percent on week on week basis. Foreign institutional investors (FII) restlessly attempted to plough back their hot money from the domestic markets because of confluence of worrying economic trends like accelerating inflation, declining foreign investment and slower growth and domestic investment, that policy inertia is only making worse. The BSE Sensex lost 398.01 points or 2.18% to 17870.53 during the week ended June 17, 2011. The BSE Mid-cap index plunged by 83.49 points or 1.21% to 6814.79 and the Small-cap index declined by 113.97 points or 1.38% to 8174.49.The S&P CNX Nifty slipped by 119.40 points or 2.18% to 5366.40. On the NSE, Bank Nifty lost 116.00 points or 1.08% to 10598.25, CNX IT sank 296.35 points or 4.45% to 6357.10 while CNX mid-cap declined 70.90 points or
0.89% to 7921.15 and CNX Nifty Junior dropped 227.20 points or 2.01% to 11051.25.

The annual rate of inflation, based on monthly WPI, came much higher than the expectation at 9.06% (Provisional) for the month of May, 2011 (over May, 2010) as compared to 8.66% (Provisional) for the previous month and 10.48% during the corresponding month of the previous year. RBI furthered its aggressive stance against the rampant inflation and hiked repo rate and reverse repo rate by 25 basis points each to 7.50% and 6.50% respectively, in its mid-quarter policy review, which was in line with broader market expectations. 

 

     

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Weekly Market Outlook 4th June 2011

Posted by Pinky Verma on Saturday, June 4, 2011 Comments: (0)

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SNAPSHOT

Despite concluding three out of the five trading session of the week in the negative zone, Indian benchmarks still negotiated a close in the green territory with gains of well over half a percent on the week on week basis. In their journey, the key indices also went on to break the two week downtrend but failed to hold on to the psychological 5,600 and 18,650 levels. Investors went through a hectic week as an assortment of reports popped through the period keeping investors in a dilemma and frontline indices in a sticky situation. Bullishness seemed to be returning to the markets which were evident from the fact that the frontline indices showed some resilience and did not capitulate despite an assortment of disappointing economic reports. To start with it was the GDP data released on Tuesday which showed that nation's economy grew by 7.8% in the fourth quarter ending March this year, mainly due to poor performance of the manufacturing sector. On Wednesday, the HSBC PMI figures based on a survey of around 500 companies were released which showed manufacturing activity in India in May slowed from a month earlier, yet output remained robust, reflecting the underlying strength in business conditions.

Furthermore an official data released by the Ministry of Commerce showed that India's six core industries grew by 5.2% in April 2011 as compared to 7.4% in the previous month and 7.5% in the same month of last year. Another data released by the commerce ministry showed that India's trade deficit in April narrowed to $8.98 billion from $11.03 billion in the same period a year earlier, however, the trade deficit rose (month on month) to $8.98 billion in April from $5.6 billion in March.

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Equity Research Weekly Market Outlook Report By Mansukh 26-March-2011

Posted by Pinky Verma on Tuesday, March 29, 2011 Comments: (0)

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Weekly Market Outlook
SNAPSHOT
Despite starting the week with a lackadaisical performance and ending below the crucial support levels of 5,400 and 18,000, the benchmarks convalesced on Tuesday and carried forward the strong rally for rest of the of the week as they vivaciously conquered a lot of psychological levels on their way up. The consolidation in crude prices around $105 levels despite escalating turbulences in the Middle East nations was also seen as an opportunity by the local investors who resorted to broad based buying as tabling of the banking sector amendment bill and the Constitution Amendment Bill in parliament buttressed the chances of a rebound for the domestic indices. Moreover, bourses rallied over two percentage points on the last trading day of the week to finish the action-packed week on an exciting note. The spurt on the last trading day in benchmarks was not only due to sanguine leads from the global market but also on encouraging local cues like the overall growth  in the farm sector being pegged at 5.4% along with finance minister's avowal of 9% growth in the next fiscal in the upper house of Parliament stoking investor sentiments.  

Boisterous Indian stock markets witnessed an awe-inspiring week of trade as it seemed like the bullishness of the recent past has come to the fore. The frontline indices accumulated over a gargantuan five percentage points for the week taking the benchmarks to around two month high levels as optimistic global cues coupled with encouraging local developments fortified investors' mood. The Bombay Stock Exchange (BSE) Sensex surged 936.83 points or 5.24% to 18,815.64 during the week ended March 25, 2011.The BSE Mid-cap index gained 3.25% to 6,721.56 and the Small-cap index advanced 2.61% to 8,001.63. All the sectoral indices on the BSE were in the positive terrain; Realty was up 184.64 points or 8.99% to 2,237.87, Bankex up by 741.78 points or 6.09% to 12926.07, IT up 344.65 points or 5.74% to 6,344.62, TECk up by 198.55 points or 5.62% to 3729.29 and Capital Goods (CG) up by 646.72 points or 5.23% to 12,373.27 were the major gainer. The S&P CNX Nifty zoomed 280.55 points or 5.22% to 5,654.25. On the National Stock Exchange (NSE), Bank Nifty surged 6.27% to 11,387.30, CNX IT soared 5.77% to 6,930.65, CNX Nifty Junior advanced 3.08% to 10,943.10 and CNX mid- cap gained 3.05% to 7,824.15.

WEEK AHEAD
Amidst rising crude oil prices would continue to be threat for the equity markets in the coming week which is characterized by the volatility of  the expiry of F&O series for the month of March, Investor's in the coming week will be eagerly eyeing the core sector growth data, as measured
by the index of six key infrastructure industries, having a combined weight of 26.7% in the Index of Industrial Production (IIP) and also the HSBC India Manufacturing PMI data for the month of March. Further, investor's will keep a close watch on telecom stocks as recommendations on the proposed new policies for telecom infrastructure and manufacturing will be coming in the next week. On the global front, investor's will be eyeing lots of major economic data from the US, starting with Existing Home Sales data on March 21,2011, New Home Sales data, Durable Goods Orders and Jobless Claims data and finally the Corporate Profits data.  Therefore any closing above 5670-5690 for at least two consecutive days may reap indices towards 5800-5850 where we might see some sort of consolidation. On the flip side 5355 still a major support for the March series. HAPPY TRADING…..

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