Concerns over a trade dispute between the U.S and China, higher crude oil prices, week INR against USD are some of the factors that keep the Indian bourses range-bound all the week. Against all these, bulls were able to manage control over markets.

The BSE Sensex gained 234 points whiles the NSE Nifty gained 59 points on a weekly basis as compared to previous week. Here is an Indian Stock Market Weekly Analysis (02 July 2018 to 07 July 2018) by Finblab.

02-7-2018 (Monday)

• A weak trading session at the Indian Stock Markets!
• The Indian Stock Markets (the Sensex and the Nifty) traded in the red all through the day due to global weakness (1) trade tensions between the US and China, and (2) political uncertainty in Germany.
• The Sensex at one point in time was down by more than 250 points due to heavy selling pressure but recover smartly in last 30 minutes of trade and ended 159 lower.
• The BSE Sensex fell 159 points to close at 35,264 and the NSE Nifty shed 57 points to close at 10,657
• IPO Listing: Shares of RITES Limited, the Railways consultancy firm, got listed on the bourses today. The stock has witness strong buying demand from investors on the very first day and the stock rallied as many as 15% (closed at INR 212.70 on the BSE against issue price of INR 185) despite weak market sentiments.
• Top 5 Gainers on the NIFTY: INFY, ASIANPAINT, TITAN, UPL, BAJAJ-AUTO up by 1% to 2.5%
• Top 5 Losers on the NIFTY: BHARTIARTL, NTPC, HINDALCO, ADANIPORTS, IBULHSGFIN down by 2.5% to 3.5%

03-7-2018 (Tuesday)

• A volatile trading session at the Indian Stock Market!
• The Indian Stock Markets opened flat on the second day of the week and remain range bound till the afternoon session. But both the Sensex and Nifty recovered sharply from opening lows in the later part of the day and closed with gains of over 100 points as far as Sensex is concern and the Nifty up by 40 odd points.
• Market participant looked cautious throughout the session due to a continuous trade war between the US and China (the US has set July 6 as the deadline to impose tariffs on 34 billion USD worth of goods from China)
• For today, the BSE Sensex rallied 114 points to close at 35379 while the Nifty50 gained 42 points to close the level of 10,700
• News of the Day: The BSE will delist as many as 222 companies from July 4 as trading in their shares has remained suspended for over 6 months. The move comes at a time when authorities are clamping down on shell companies for being allegedly used as conduits for illicit fund flows.

04-7-2018 (Wednesday)

• Strong trading session at the Indian Stock Market!
• The Indian Stock Markets continues its upward journey for the second consecutive day on Wednesday despite negative global cues. It was the better than expected macro data that has helped both the Sensex and Nifty closed on a day’s high.
• The 30-share BSE Sensex gained 267 points to close at 35,645 and the 50-share NSE Nifty rallied as many as 70 points to close at 10,770
• News of the Day: The Union Cabinet today approved the proposal to hike Minimum Support Price (MSP) for all Kharif crops by 1.5 times of the input cost for the 2018-19 season – a move that is expected to boost Indian farmers’ income. The improved MSP is likewise seen as a step towards meeting the Prime Minister Narendra Modi’s promise to double the farmer’s income by 2022.
• Stocks like Chambal Fertiliser, Deepak Fertilisers, Kaveri Seed, Kohinoor Foods, LT Foods, Mangalam Seeds, and RCF gained Between 1% to 10% in the intraday trade due to the government’s decision to hike minimum support price.

05-7-2018 (Thursday)

• A rollercoaster trading on the Indian bourses today!
• Concerns over a trade clash between the U.S and China coupled with higher crude oil prices and weak rupee against USD have weighed on market sentiment on Thursday’s trade.
• Both the Sensex and Nifty traded dull all through and witnessed selling pressure in the later part of the day as investors and traders adopted a note of caution ahead of a trade tariff deadline between the US and China.
• The BSE Sensex closed 71 lower at 35575 and the Nifty sheds 20 points to close at 10750 on Thursday.
• The share of Reliance Industries Limited was in news today as the company was heading for its 41st Annual General Meeting. The shares of Reliance Industries closed lower by over 2% even though RIL’s Chairman Mukesh Ambani said that the company plans to double its revenues by 2025.

06-7-2018 (Friday)

• A day of volatility at the Indian Stock Market!
• The Indian Stock Markets opened on a high note yet again on Friday but trading remains muted all through the day. In the later part of the day both the Sensex and Nifty erased most of its intraday gains as investors prefer to book profits ahead of Q2 FY18-19 earning starting from next week onwards.
• U.S. tariffs worth 34 billion USD of Chinese exports once again took effect on Friday trading, and concerns of reprisal by Beijing somewhat dampened sentiment across the region.
• The BSE Sensex closed 83 points higher to close at 35,657 while the Nifty50 ended 23 points higher to close at 10,773.
• IPO Listing: Auto component maker Varroc Engineering Limited gets listed on the bourses today at INR 1015 (5% higher against the issue price of INR 967). At the end of trading session the stock managed to close at INR 1040.55 on BSE and INR 1037.35 on NSE, up more than 7% to its issue price.

Indian Stock Market Weekly Analysis – A Week Gone By

Future Outlook –

Irrespective of a series of bad news the Indian Stock Markets witnessed a positive momentum (marginally though) on the week ended on July 7 2018.

Markets are largely trading in tandem with global peers. But, the Indian Stock Markets is clearly waiting for the trigger to move forward and Q2 FY18-19 is one of them which will start from the early next week that the market participants are eying. The south-west monsoon hits some of the parts of the country last week which is a big relief.

On the technical front the Nifty took support at 10589 which is around the 89 EMA on the daily chart. In the absence of clear trend Finblab advised the investors and traders to remain cautious. For the time-being the Nifty50 has to close above 10,930 levels whiles on the downside 10,600 is a crucial support!

Also Read –

1) Finblab’s Valuepick Stock for the month of JULY 2018 – CEAT LIMITED

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Finblab Research: Indian Stock Market Weekly Analysis (02 July ’18 to 07 July ’18) appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Only two factors that twizzle the Indian Stock Markets all through the week are (1) the higher Crude Oil price and (2) question mark over the Government formation in the state of Karnataka.

The BSE Sensex lost 688 points whiles the NSE Nifty lost 210 points on a weekly basis as compared to previous week. Here is an Indian Stock Market Weekly Analysis (14 May 2018 to 18 May 2018) by Finblab.

14-MAY-2018

• Range-bound trading session at the Indian Stock Market ahead of Karnataka election outcomes!
• After closing firm on the last trading session (290 points up on the Sensex and 90 points up on the Nifty on 11 May) the Indian Stock Markets today, as expected, remained range-bound all through the day and ended on a flat note as caution prevailed ahead of Karnataka election results due tomorrow.
• The major reason that triggers the markets to remain range bound till the last minute of the session was the Exit Polls results which anticipated hung assembly in Karnataka.
• The 30-share BSE Sensex today gained 21 points to close at 35,557 and the 50-share NSE Nifty rose 0.10 points to close at 10,807.
• Hindustan Unilever (HUL), India’s biggest consumer goods company, has presented it Q4 numbers on Monday after market hours. The company reported a 14.2% year-on-year rise in net profit to INR 1,351 Cr for the quarter ended March 2018 due to higher sales in its home care business. Revenue from operations for the quarter came in at INR 9,097 Cr compared with INR 8,906 Cr in the same quarter last year.

15-MAY-2018

• A day of high volatility at the Indian Stock Market!
• Opening firm in the morning session (up by more than 300 points) backed by the early polls showing BJP’s clear majority in the Karnataka election, the market couldn’t sustained gain and fell severely from its day’s high in the late half of the day and ended flat amidst uncertainty over formation of the government in Karnataka after election results.
• BJP in the Karnataka election has emerged as the single largest party after winning 104 seats (but was away from the clear majority) while Congress wins 78 seats and JD(S) wins 38 seats at the end of the day.
• Markets, in a situation like this, will be clearly in a wait and watch mood and see who will and how to form the Government in the state of Karnataka.
• The BSE Sensex today slipped 437 points from day’s high to end 13 points down at 35,544 while the NSE Nifty down 5 points to close at 10,802.
• Shares of Punjab National Bank (PNB) ended 12% lower at INR 75.55 from the previous close on the back of a weak set of numbers for the quarter ended March 2018. The company has reported a net loss of INR 13,416.91 Cr while the profit was dragged by 3 folds due to a surge in provisions towards bad loans. The banks total net worth fell below the amount of non-performing loans.
• D-Mart today rallied 4% as the stock will now be the part of MSCI (Morgan Stanley Capital International) India Index with effect from June 1.

16-MAY-2018

• A volatile session at the Indian Stock Market today!
• The Markets today opened on a week note today backed by a couple of bad news from the overseas front (like, North Korea refuses to join US summit and the Crude oil prices which touched at 3 and half years highs, 79 USD a barrel) and domestic news (like, uncertainty over Karnataka state that who will form the Government and PNB and RCom issue)
• The markets today witness a heavy loss in the early trade, but recovered half of its losses at the end of closing. The BSE Sensex today was down by 156 points and closed at 35,388 while the NSE Nifty fell 61 points to close at 10,741.
• Cigarette-to-soap maker ITC today announced its Q4 results today. The Company reported 9.9% year-on-year increase in net profit at INR 2,933 Cr for the 4th quarter of FY18, On a comparable basis, gross sales value of the Company stood at INR 67,081.92 Cr, reporting a growth of 4.5% driven mainly by the education and stationery products, the branded packaged foods, and personal care products.

17-MAY-2018

• Weak trading session at the Indian Stock Market!
• The Indian Stock Markets extended losses for the 3rd consecutive day on Thursday backed by the higher Crude oil prices (trading 80 USD a barrel now) and the tricky situation at Karnataka that who will form the Government.
• The macro data can be badly affected by the higher crude oil prices going forward and the markets seem to be worried more about that at this moment.
• The BSE Sensex was down 239 points to close at 35,149 while the NSE Nifty closed below the 10,700 levels, down 58 points at 10,683.
• Bajaj Finance – a leading NBFC announced its Q4 numbers today. The Company reported a 60.5% year-on-year growth in net profit at INR 720.95 Cr on the back of strong interest income and lower provisions due to improvement in bad loans. Net interest income (NII) for the quarter increased to INR 2,365 Cr, up 40% year-on-year from INR 1,686 Cr. Assets under management (AUM) of the Company increased by 33.6% year-on-year to INR 80,444 Cr.

18-MAY-2018

• Poor trading session at the Dalal Street!
• The Indian Stock Markets witnessed heavy selling pressure yet again for the fourth consecutive day on the back of continued uncertainty over the formation of government in the state of Karnataka.
• The 30-share BSE Sensex today falling 301 points and closed at 34,848 while the 50-share NSE Nifty down 86 points to close at 10,596.

Indian Stock Market Weekly Analysis – A Week Gone By

Future Outlook –

The Indian Stock Markets faced huge selling pressure all through the week (except that of Monday’s trading session) due to the political drama played at the state of Karnataka after election result was out.

Though Saturday is crucial as far as Karnataka is concern, going forward markets will focus more on the corporate results that will announce early next week and the progress of monsoon in later part of the month. The movement of INR v/s USD and the crude oil prices will be closely monitored in the coming sessions as well.

On the technical front, the Nifty index likely to go down further and may find support near 10450 to 10490 levels which is its 89 DEMA.

Finblab is of the view that the Indian Markets will consolidate in the near term, 10450-10490 on the lower side and 10800-10850 on the upper side, due to lack of fresh positive news globally as well as on the domestic front, however, if the on-going correction last long it should be considered as a good opportunity for the long-term investors to buy good and fundamentally solid stocks on dips.

Also Read –

1) Finblab’s Valuepick Stock for the month of May – GMM PFAUDLER LIMITED ( 9.10% Return in just 15 Days )

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Finblab Research: Indian Stock Market Weekly Analysis appeared first on Upcoming ipos: Latest news on stocks, economy & finance.