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Equity Markets
Key benchmark indices edged lower in truncated trading week as selling of Indian stocks by the foreign
portfolio investors (FPIs) weighed on sentiment. The Sensex fell in two out of four trading sessions in the
week. Markets remained closed on Thursday, 25 December 2014 on account of Christmas. Indian stocks
remained volatile as traders rolled over positions in the futures & options (F&O) segment from December
2014 series to January 2015 series. The S&P BSE Sensex declined 130.06 points or 0.47% to settle at
27.241.78, in the week ended Friday, 26 December 2014. The 50-unit CNX Nifty dropped 24.50 points or
0.29% to settle at 8,200.70. The BSE Mid-Cap index rose 0.74%, outperforming the Sensex. The BSE SmallCap
index fell 0.29%, with fall in index lower than Sensex's decline in percentage terms.
Outlook for the current weeks
Trend in global markets, investment by foreign portfolio investors (FPIs), the movement of rupee against
the dollar, and crude oil price movement will dictate near term trend on the bourses amid lack of major
economic data announcementsMarkit Economics will unveil HSBC India Manufacturing PMI, which
gauges the business activity of India's factories, for December 2014 on Friday. PSU OMCs, auto and airline
stocks will be in focus as state run oil marketing companies will review fuel prices on the last day and
during the middle of the month based on the average imported oil price in the preceding fortnight.
The next major trigger for the markets is Q3 results of India Inc. Q3 corporate earnings season starts from
second week of January 2015 and ends in second week of February 2015. Most global markets will remain
closed on 1 January 2015, for New Year Holiday. With the Cabinet's approval to coal and insurance bills,
domestic factors and low inflation numbers will provide support to the markets. We expect the BSE
Sensex to trade in the range of 26900-27700 for this week.
Global Markets
Major indexes closed out their second straight weekly gain, continuing an advance that has lifted the S&P
5.9% in seven sessions. The benchmark index hit its 52nd record close of the year on Friday, the most
since 1995 and the fourth-best annual record ever, while the Dow rose for a seventh straight day, its
longest streak since March 2013. For the week, the Dow rose 1.4%, the S&P rose 0.9% and the Nasdaq
rose 0.9%. It was the ninth positive week in the past ten for the Dow and S&P.
G sec Markets
Indian bond markets saw the yields inching up during the week ended Dec 26, 2014. The G sec market
opened the week on Monday seeing improvement in the domestic currency. However, the market
witnessed range-bound activity due to absence of any fresh triggers.
LINK
http://www.hdfcsec.com/Share-Market-Research/Research-Details/MFReports/3010492
�� India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details ��
��
Equity Markets
Key benchmark indices edged lower in truncated trading week as selling of Indian stocks by the foreign
portfolio investors (FPIs) weighed on sentiment. The Sensex fell in two out of four trading sessions in the
week. Markets remained closed on Thursday, 25 December 2014 on account of Christmas. Indian stocks
remained volatile as traders rolled over positions in the futures & options (F&O) segment from December
2014 series to January 2015 series. The S&P BSE Sensex declined 130.06 points or 0.47% to settle at
27.241.78, in the week ended Friday, 26 December 2014. The 50-unit CNX Nifty dropped 24.50 points or
0.29% to settle at 8,200.70. The BSE Mid-Cap index rose 0.74%, outperforming the Sensex. The BSE SmallCap
index fell 0.29%, with fall in index lower than Sensex's decline in percentage terms.
Outlook for the current weeks
Trend in global markets, investment by foreign portfolio investors (FPIs), the movement of rupee against
the dollar, and crude oil price movement will dictate near term trend on the bourses amid lack of major
economic data announcementsMarkit Economics will unveil HSBC India Manufacturing PMI, which
gauges the business activity of India's factories, for December 2014 on Friday. PSU OMCs, auto and airline
stocks will be in focus as state run oil marketing companies will review fuel prices on the last day and
during the middle of the month based on the average imported oil price in the preceding fortnight.
The next major trigger for the markets is Q3 results of India Inc. Q3 corporate earnings season starts from
second week of January 2015 and ends in second week of February 2015. Most global markets will remain
closed on 1 January 2015, for New Year Holiday. With the Cabinet's approval to coal and insurance bills,
domestic factors and low inflation numbers will provide support to the markets. We expect the BSE
Sensex to trade in the range of 26900-27700 for this week.
Global Markets
Major indexes closed out their second straight weekly gain, continuing an advance that has lifted the S&P
5.9% in seven sessions. The benchmark index hit its 52nd record close of the year on Friday, the most
since 1995 and the fourth-best annual record ever, while the Dow rose for a seventh straight day, its
longest streak since March 2013. For the week, the Dow rose 1.4%, the S&P rose 0.9% and the Nasdaq
rose 0.9%. It was the ninth positive week in the past ten for the Dow and S&P.
G sec Markets
Indian bond markets saw the yields inching up during the week ended Dec 26, 2014. The G sec market
opened the week on Monday seeing improvement in the domestic currency. However, the market
witnessed range-bound activity due to absence of any fresh triggers.
LINK
http://www.hdfcsec.com/Share-Market-Research/Research-Details/MFReports/3010492
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