Weekly Stock Watch: Market gains on upbeat global cues; Nifty records biggest weekly gain

stocks weekly reports Indian shares jumped for a second consecutive session on Friday amid expectations the ruling BJP would win state elections in Gujarat beginning this weekend. The BSE Sensex ended 0.91% higher at 33,250.30. The index posted its biggest weekly gain since early November, climbing 1.27% this week. The wider NSE Nifty closed up 0.97% at 10,265.65, rising 1.42% this week, its biggest since late October.

Nifty made good weekly recovery and gained nearly 1.5%, providing some respite to the market players. Nifty Auto Index also traded with positive bias and settled after gaining 1.5%. Nifty Auto Index also traded with positive bias and settled after gaining one and half percent.

Mahindra and Mahindra, Ashok Leyland, Bajaj Auto and Maruti Suzuki are seeing for fresh buying.
Bank stocks rose after RBI kept policy rates steady after monetary policy review on Wednesday, 6 Dec 2017. HDFC Bank rose 1.74%, SBI rose 0.19% and Axis Bank edged higher by 1.66%.

As the Best Weekly performance, FMCG index rose 2.5%), Auto Sector rose 0.6%, Information Technology stocks advanced higher by 0.5%, Energy stocks up 0.3% and Infrastructure sector edged higher by 0.2%.

The Worst Weekly Performers include Pharma index down by 1.5%, Metal index down by 0.9%, Realty down 0.7% and Media edged lower by 0.2%.

Stock Market watch out for the week ahead, Monday Nifty Prediction

stock market weekly reportsThe benchmark index of BSE slumped on week ended Friday by 316.41 points to settle below 33K mark to 32,832.94 following the worries on the country’s fiscal deficit
and global risk aspects such as rising crude prices.  The NSE too slipped by 104.75 points to 10,121.80. 

In economic front, India’s gross domestic product (GDP) growth recovered to 6.3% in quarter ended Sept 2017 from a low of 5.7% recorded in the previous quarter ended June 2017.

Week Ahead Expectations: The result of the RBI monetary policy meeting, Global markets, FPIs & DIIs investment volume coupled with Rupee v/s Dollar movement and crude oil price will be some of the factors to dictate the market trend on next week.

The RBI’s monetary policy committee will meet on 5th and 6th December 2017 for the fifth bi-monthly monetary policy decision for the fiscal 2018.

The Gujarat elections will also be expected to get triggered markets directions next week.
In the primary market, hospital operator Shalby Limited is seeking to raise up to Rs 4.8 billion by selling IPO in a price range of Rs 245 to 248 which will be open for subscription between December 5 & 7 December 7.

Meanwhile, Indian logistics Service Future Supply Chain Solution’s IPO to raise up to Rs 6.5 billion will open next week, adding to what has been a record year for IPO sales in the country. The offer will be open for subscription from December.6 to 8, as per notice.

Weekly Stocks and Events for the week ended 24 Nov 2017

stock market weekly reportsThe market registered notable gains in the week ended Friday, 24 Nov 2017, on strong global cues coupled with some domestic triggers. The Sensex picked up 91 pts on Friday to finish at a 3-week high of 33,679.24, influenced by gains in IT stocks and consumer durables stocks. The Nifty reclaimed the 10,400-mark to scale an intraday high of 10404.50 but profit taking dragged it down to 10389.70, with a gain of 40.95 points, or 0.40%.

Sensex opened the week at 33,365 and made a peak of 33,738, low of 33,288 closing the week at 33, 679. At the same time, the Nifty opened the week at 10,287 and made a high of 10,404 and low of 10261 closing the week at 10,389. Hence, all through the week, the Sensex gained 1 percent or 336.44 pts, while the Nifty rallied 1.03 percent or 106.10 pts. Moody’s S&P kept India-Sovereign rating unchanged with “Stable” outlook.

The global ratings agency maintained that growth will remain strong over coming 2 years and the country will keep up good external accounts position and fiscal deficit will be mostly in line with expectations.

Among important domestic events during the week, the govt promulgated an ordinance to modify the Insolvency & Bankruptcy Code-2016, aiming to prevent unscrupulous, undesirable persons from misusing the provisions of the code.

The Parliamentary Affairs Cabinet Committee on Friday recommended that the winter session of Parliament be scheduled from 15 Dec 2017 to 5 Jan 2018.

Weekly recaps of Stock: Markets settled higher on GST respite

stock market weekly report Stock Markets settled higher on GST relief on Friday, but post weekly loss to some extent. Nifty registered marginal profit taking and lost over 1% in the passing week. The Bank Nifty index has been consolidating in a narrow range close to its record high, while Nifty IT index surpassed the benchmark index and spurted strongly in the passing week.

The key benchmark Sensex & Nifty overcame a spell of the extreme end volatility to close with modest gains today as investor sentiment got a lift after the GST Council trimmed tax rates on a wide range of items.

The BSE Sensex, after a start at 33,235 levels, rebounded to the day’s high of 33,380.42 in the late afternoon trade of the week ended Friday, but lost some ground to end at 33,314.56, up 63.63 points, or 0.19%, from its earlier close. The NSE Nifty 50 index, after moving between 10,254.10 and 10,344.95, finally ended 12.80 points, or 0.12%, higher at 10,321.75. For the week, Sensex index fell by 371 pts, whereas the Nifty lost 130.75 pts.

The GST Council on Friday provided release to several sectors by reducing tax rates an array of consumer items to 18% from current 28% and cut rates on 177 goods.

Stock Tips- Market Weekly Reports 23 Oct – 27 Oct

stock market weekly reportsMarket registered stellar gains in the week ended Friday, 27 Oct 2017. The BSE Sensex and the NSE Nifty index scaled record highs on the govt’s booster steps to the economy through capitalization of PSU banks with a view to support credit growth and job opportunities. The recapitalization plan pushed the Bank Nifty higher, but the index failed to make a new life high. On the other side, the Nifty index kept hitting new life-highs during the week.

The Sensex posted its largest weekly move since March 19. The index of 30 blue chip stocks gained 767 points during the week after the govt introduced a stimulus package, including a plan of Rs 2.11 lakh crore to recapitalize state-owned banks and a Rs 7.00 lakh-crore plan to build new roads.

On Friday, the Sensex gained for a fifth consecutive day, led by industrial stocks and health care stocks, while traders raised bullish bets in November derivatives series, which started Friday. The rollover rate in the Nifty October futures, was ceased on Thursday, which was 73%, in comparison with 3-month average of 65% on expiry, as per data.

For the coming week, Q2 financial corporate earnings and cues from global front will be closely watched by the market players.