Ignoring the fact of higher crude oil prices (> 75 USD a barrel), highest bond yield in the US markets (3%) after 2014, various other global news flows and a better Q4 corporate earnings has helped both the Sensex and Nifty to reach towards the levels of 35,000 and 10,700 respectively on a week ended on 27th April 2018.

The BSE Sensex gained 554 points or 1.61% whiles the NSE Nifty gains 129 points or 1.21% on a weekly basis as compared to previous week. Here are the details on Indian Stock Market Weekly Review (23 Apr 2018 to 27 Apr 2018) by Finblab.

23-APR-2018

• A highly volatile trading session as far as Indian Stock Markets is concern!
• Opened firm in the morning session ignoring subdued global cues, both the Sensex and Nifty traded at a day’s high till the afternoon session where the Sensex has gained more than 200 points while the Nifty was up by more than 55 points thanks to the IT sectors, in particular, stocks like TCS and Infosys. But heavy profit booking in the last half an hour of trade erodes all the gains.
• The BSE Sensex closed 35 points higher at 34,451 while the Nifty 50 closed 20 points higher at 10,585.
• Today was the big day for Tata Consultancy Services (TCS). The country’s leading software services exporter has created history by becoming the 1st Indian listed company to cross the $100 billion market capitalisation milestone (INR 6,62,726 Cr) on the BSE, in intra-day trade.
• TCS listed on the bourses 14 years ago, on 25 August 2004 at a 16.2% premium, at INR 987.50, against an issue price of INR 850.

24-APR-2018

• Solid and positive trading session at the Indian Stock Markets!
• Ignoring the higher crude oil prices (traded well above 75 USD a barrel), stable corporate earnings and heaving buying in some of the major large-cap stocks like Reliance (Jio added 87.4 lakh subscribers in March compared to 83 lakh subscribers in previous month), TCS and many others have helped both the Sensex and Nifty extend gains on the second consecutive day of the week.
• The 30-share BSE Sensex gained 166 points to close at 34,617 while the 50-share NSE Nifty rose 30 points to close at 10,614.
• Nifty today close above 10,600 marks for the first time after almost two and half months thanks to the positive Asian and European cues.

25-APR-2018

• Heavy selling was seen across the sector on the bourses today, a day before April month expiry!
• Both the Sensex and Nifty closed in the red on Wednesday trading session, with the Sensex losing more than 100 and Nifty was down by more than 40 points following correction in global stocks.
• Bond yield in the US reached to as many as 3% after 2014 also spoil the sentiment of the markets today.
• The BSE Sensex today was down 115 points to close at 34,501 and the NSE Nifty fell 44 points to close at 10,571.

 26-APR-2018

• A wonderful day of expiry on the Indian Stock Markets today!
• After trading almost flat to minor positive for the major part of the day, the market witness a late of surge in the last half an hour of trade to end the April month series on a high note.
• Major buying was seen across the sector but it was the Banking stocks that outperformed the market today. Bank Nifty today gaining around 200 points and closed above 25000.
• The Sensex was up 212 points to close at 34714, and the Nifty ended 47 points higher at 10618.

27-APR-2018

• A Fabulous beginning of the May series on the Indian bourses!
• Both the Sensex and Nifty continues their winning uptick on the very first day of the new (May) series on Friday’s trading session. The rally in the indices was backed by strong build-up on the long side in the F&O segments as the Korean rivals begin peace, end 65-year of cold war.
• The BSE Sensex was up 268 points to close at 34982, while the NSE Nifty was up 78 points to close at 10695.
• Maruti Suzuki, India’s largest car maker today posted below market expectations Q4 numbers where the Net profit of stand at INR 1,882 Cr, 10% higher than in the same quarter a year ago. Net sales grew by 0.83% to INR 20,594 Cr during the current quarter as compared to INR 20,423 Cr posted by it in the same quarter in 2016-17.

Indian Stock Market Weekly Review – A Week Gone By

Future Outlook –

It is fair enough to conclude that the bulls have a strong grip on the Indian Stock Markets in anticipation of better corporate earnings and a normal monsoon this year.

Global Credit Rating Agency Fitch today (27 April 2018) affirmed India’s sovereign rating at BBB- with a STABLE outlook, saying that the country’s medium-term growth potential is strong.

Going forward market will closely watch the Q4 numbers as well as the Karnataka Elections and its outcome.

On technical parameters, the Nifty index may face a resistance near 10,700 levels since it has made a run-up of more than 7% from the low of 9,952 but if it manages to cross that 10,700 level decisively than it may go to the levels of 11,000.

Positive Factors

• Better Corporate Earnings
• Normal Monsoon Forecast
• Stable GTS Collection Data

Negative Factors

• Higher Crude Oil Prices (75 USD)
• Higher US Bond Yield (3%)
• Nifty P/E Ratio (> 26%)

Relevant Link – Indian Stock Market Weekly Review

Also Read –

1) Finblab’s Valuepick for of the month of April – RUCHIRA PAPERS LIMITED

2) Finblab’s March ’18 Valuepick BALKRISHNA INDUSTRIES LIMITED (25% returns in just 50 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 REVIEW appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

The Markets though enjoy a sense of positivity for the first couple of days of the week backed by Indian Meteorological Department’s (IMD) classification on having a normal monsoon this year and lower WPI Inflation rate. But in the later part of the week, the Markets face setbacks by news of cash crunch in some part of the country and week global cues.

The BSE Sensex gained 224 points or 0.65% on a weekly basis while The NSE Nifty gains 83 points or 0.79% as compared to previous week. Here are the details on Indian Stock Market Weekly Review (16 Apr 2018 to 20 Apr 2018) by Finblab.

16-APR-2018

• After a wonderful finish in the last week, the Indian Stock Markets open on caution note today amid geopolitical tensions on the back of US-led airstrikes on Syria, higher crude oil prices, and sluggish global cues.
• The Markets remain range bound till afternoon but the recovery in the last hour of trade backed by hopes of normal monsoon expected in the current year (the south-west monsoon is likely to be 97% of the long period average (LPA) according to the Indian Meteorological Department’s (IMD) classification, lower inflation rate, and favourable earnings season boosted sentiment. Both the news has helped the market close higher for the 8th consecutive session on Monday.
• The BSE Sensex once lost 406 points in intraday trade but recovers smartly and ends 113 higher at 34,305 while the NSE Nifty rose 48 points and closed at 10,528.

17-APR-2018

• It was a range bound trading session all through the day as far as Indian Stock Markets are concern! Normal monsoon forecast by IMD for June-September period and positive global cues boosted the market sentiment. Investors are absolutely in wait and watch mood before the corporate earnings from some big names like TCS and others.
• The 30-share BSE Sensex was up 90 points at 34,395 while the 50-share NSE Nifty rose 20 points to 10,549. It was the 9th consecutive day where Bulls have upper hand at the Indian Stock Market.

18-APR-2018

• The market finally broke its 9 days upward journey in Wednesday’s trade. Though opened on a positive note, the markets fell in the afternoon session backed by mixed corporate earnings, higher crude oil prices, and cash crunch (shortage of cash in ATM in some parts of India).
• The 30-share BSE Sensex was down 63 points and closed at 34,332 while the Nifty fell 23 points to 10,526 amid consolidation.

19-APR-2018

• After shedding 60 odd points on the Sensex on Wednesday’s trade, the Indian Stock Markets once again witness a positive bounce back on Thursday’s trading session even as crude oil prices hit multi-year highs. Positive cues from the global markets and rally in the metal stocks on London Metal Exchange also helped the indices posted marginal gains.
• The BSE Sensex closed up by 96 points at 34,427 while the NSE Nifty rose 39 points to close at 10,565.
• India’s largest IT services provider TCS today presented its Q4 numbers today after markets hours. The Company beat analyst expectations on all fronts. The operating profit margin of the Company was in line expectation.
• Consolidated profit of the company grew by 5.7% to INR 6,904 Cr while revenue increased by 3.8% to INR 32,075 Cr for the quarter ended March 2018. The Company today also announced BONUS Shares in the ratio of 1:1.

20-APR-2018

• It was a volatile trading session as far as Indian Stock Markets are concern, in a narrow range though. The markets lost more than 100 points on the Sensex but it was the IT stocks that have helped the markets to erase all lose before closing flat to marginally negative.
• The Sensex lost just 12 points to close at 34416 while the Nifty lost 1 point and close at 10564.

Indian Stock Market Weekly Review – A Week Gone By

Future Outlook –

Domestic news flows whether it is Indian Meteorological Department forecast on monsoon, March Inflation numbers and good set of Q4 results from the country’s biggest IT firm TCS (1:1 bonus of course) has helped the Sensex gains more than 200 points and Nifty to post more than 80 points gain on a weekly basis.

Going forward it is likely that the corporate earnings are the key and will be the driving force as far as Indian Stock Markets are concern.

On technical parameters, the Nifty index formed a Doji kind of pattern for the second consecutive trading session in a row. Besides that, the way crude prices are increasing it is an alarming situation as far as Indian Stock Markets are concern.

Since the Nifty Index formed a Neutral pattern on a daily chart investor are advised to tread with caution and wait for a decisive move before taking fresh trades.

Relevant Link – Indian Stock Market Weekly Review

Also Read –

1) Finblab’s Valuepick for of the month of April – RUCHIRA PAPERS LIMITED

2) Finblab’s March ’18 Valuepick BALKRISHNA INDUSTRIES LIMITED (25.51% returns in just 45 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 REVIEW appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

All sorts of news whether US-China trade war tension, US-Russia clash on Syria issue, high crude oil prices or various domestic problems; the Indian Stock Markets absorb all that and keep the momentum intact throughout the week and also help the Sensex close above 34000 marks.

The BSE Sensex gained 567 points or 1.68% on a weekly basis while The NSE Nifty gains 164 points or 1.44% as compared to previous week. Here is the Indian Stock Market Weekly Review (9 Apr 2018 to 13 Apr 2018) by Finblab.

09-APR-2018

• Once again a good start for the Indian Stock Markets one the very first day of the 2nd week of April (in fact, the market extended gains for the 3rd consecutive session on Monday) following positive cues and news from the overseas stock markets, especially after the US-China trade war tensions, decreased.
• The 30 share BSE Sensex was up 162 points and close at 33,789 while the 50-share NSE Nifty rose 48 points to close at 10,379.
• IPO of Lemon Tree Hotels gets listed on the markets today. The stock opened 10% higher to the issue price of INR 56 and rallied almost 32% in the intraday trade, before closing at INR 71.65, up 28%.

10-APR-2018

• It was a lacklustre trading session as far as Indian Stock Markets are concern. Both the indices traded in a narrow range all through the day considering positive global cues and after China’s comments soothed trade war tensions.
• The BSE Sensex rose 92 points to close at 33,880 and the NSE Nifty gained 23 points at 10,402. The market today extended gains for the 4th consecutive day, with the Nifty closing above 10,400 levels for the 1st time since March 14.
• One thing is clear from today’s session is that investors are waiting for the Q4 earnings that will start from 14th April with Infosys numbers.

11-APR-2018

• It was a 5th straight trading session where the Indian Stock Markets registered gain (narrow gains though) thanks to positive news (like, metal sector shine today – thanks to the rally in the metal sector on London Metal Exchange and likely to ease problems between US & China) as well as negative news (like, the Crude Oil prices which reached to 72 USD a barrels – trading near its highest levels in 4 years due to political tension in the Middle-East countries and problems arises between US and Russia because of Syria issue)
• The Nifty Index managed to close above 10,400 levels, rising 15 points to 10,417 while the BSE Sensex gained 60 points to close at 33,940.

12-APR-2018

• Wonderful trading session at the Dalal Street in anticipation of better Q4 numbers from IT major Infosys; ignoring the geopolitical tensions and higher crude oil pieces – trading at 73 USD a barrel now.
• The BSE Sensex rallied 161 points to close at 34,101 while the NSE Nifty rose 56 points to 10,459.

13-APR-2018

• Positive momentum in the Indian Stock Market continued for a 7th consecutive trading session on Friday, helping both the Sensex and Nifty post a solid performance for the 3rd week in a row.
• IT major Infosys declared its Q4 result aftermarket hours today. The Company has reported a net profit of INR 3,690 Cr which was in-line with a poll of INR 3,670 Cr while INR revenue grew by 1.6% QoQ to INR 18,083 Cr.
• The BSE Sensex was up 92 points at close 34,193 while the Nifty failed to hold 10,500 levels and ended 22 points higher at 10,481.

Indian Stock Market Weekly Review – A Week Gone By

Future Outlook –

As stated in the previous Indian Stock Market Weekly Review report, The RBI’s monetary policy has helped the Sensex gain more than 500 points and Nifty 150 plus points on a weekly basis. This week also CPI inflation numbers declared by the CSO (Central Statistics Office) are somewhat encouraging. But going forward it is sure that all market participants will be eying Q4 results which will be starting from 13th April.

On technical parameters, the Nifty 50 reclaimed 10,500 on Friday’s trading session but failed to hold the momentum and formed a Doji type of pattern on the daily charts and a bullish candle on the weekly charts. As stated in the last weekly report 10125 is likely to be the strong support for Nifty.

Also Read –

1) Finblab’s Valuepick for of the month of April – RUCHIRA PAPERS LIMITED

2) Finblab’s March ’18 Valuepick BALKRISHNA INDUSTRIES LIMITED (27.50% returns in just 40 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 REVIEW appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

All sorts of data whether it is (1) auto sales numbers for the month of March, (2) US-China Trade War, and (3) RBI Monetary Policy outlook; keeps the benchmark indices volatile all through the week.

On a weekly basis, the BSE Sensex gained 658 points while the Nifty 50 index gained 217 points. Here is the Indian Stock Market Weekly Review (2 Apr 2018 to 6 Apr 2018) by Finblab.

2-APR-2018

• It was just the perfect start for the Indian Stock Markets in the new financial year, which is FY 2018-19. The BSE Sensex rallying more than 280 points while the Nifty 50 reclaimed 10,200 marks towards the end of the trade.
• Opening after long holidays and not so favourable news flow from the domestic as well as the international front, nervousness was there before the start of the vest first session of FY 2018-19, but thanks to the robust auto sales numbers which kept the momentum going for Indian equity markets all through the day.
• The BSE Sensex reclaimed 33K and closed 287 points higher at 33,255 while the Nifty 50 reclaimed its 200-DMA placed at 10,182. The Nifty index closed 98 points higher at 10,212.

3-APR-2018

• It was the second consecutive day when the Indian Stock Markets ended in green, again thanks to the encouraging auto sales numbers for the month of March; but the immediate trigger for the equity markets would the outlook of the RBI Monetary Policy which will be held on 4th and 5th of April, 2018.
• The BSE Sensex today gains 115 points and closed at 33371 while the Nifty 50 up by 33 points to close at 10245.

4-APR-2018

• It was a highly volatile session for the Indian Equity Markets. Open on a positive note and up more than 100 points in the morning trade, both the Sensex and Nifty fell heavily in the afternoon session because of the US-China Trade War.
• Benchmark indices fell harshly in the afternoon trade after China revealed new retaliation plan for US tariffs. China has announced new tariffs on 106 US products, which include cars, soybeans, and whiskey. Earlier, The US government had announced import duties on Chinese imports (for more than 1300 products) including high-value products such as machine tools and medical equipment.
• The BSE Sensex lost by 352 points and closed at 33019 while the NSE Nifty fell by 117 points and closed at 10128.

5-APR-2018

• Losing more than 350 points in the Wednesday session, bulls put up a strong show on Thursday fuelled by the formation of long positions and some short coverings.
• After a gap-up opening on Thursday’s trade, bulls managed to push the benchmark indices higher by over 550 points on the Sensex led by banks, after the Reserve Bank of India (RBI) keeps the leading rates unchanged and guided for lower inflation trajectory going forward.
• The BSE Sensex ended 578 points higher at 33,597 and the Nifty 50 up 197 points to close at 10325.

6-APR-2018

• Benchmark indices ended the range bound session on a flat note Friday. The 30-share BSE Sensex was up 30 points at 33,627 and the 50-share NSE Nifty rose 6 points to 10,332.

Indian Stock Market Weekly Review – A Week Gone By

Future Outlook –

After correcting 10% from its all-time highs (NIFTY 11172 on 29th Jan 2018) and low of 9952on 23th Mar 2018, the Nifty bounced back handsomely from those levels and finally managed to close above its 200 DEMA.

RBI’s Monetary Policy outlook for the lower inflation trajectory going forward (though it keeps rates unchanged in its meeting ended on 5th April 2018) has helped the indices posted a biggest one-day gain in last 2 years and it is likely to keep momentum for the time being. But the big trigger that the market is waiting for is the Q4 numbers which will start coming from the 2nd week of April.

Looking at the current scenario it is likely that consolidation to continue at least for a couple of weeks while on the lower side it can find support around 10125, as far as Nifty is concern.

Also Read –

1) Finblab’s Valuepick for of the month of April – RUCHIRA PAPERS LIMITED

2) Finblab’s March ’18 Valuepick BALKRISHNA INDUSTRIES LIMITED (18.16% returns in just 1 month)

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 REVIEW appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

For the week, both indices – BSE & NSE – lost more than 2%. The BSE Sensex lost more than 740 points while the NSE Nifty lost more than 230 points on a weekly basis. Here is the Indian Stock Market Weekly Review (05 Mar 2018 to 09 Mar 2018) by Finblab.

5-MAR-2018

Indian Stock Markets opened on a week node on Monday’s trade after a long week-end. Both, the Sensex and Nifty remain in a negative zone for the fourth consecutive session despite BJP’s massive victory in the state of Tripura. Some of the factors that were pushing the markets down are mixed macroeconomic data, and of course, the banking fraud. US President Donald Trump’s tariff announcement also pulled the markets down. The 30-share BSE Sensex was down 300 points to close at 33,747, while the 50-share NSE Nifty falling 99.50 points and closed at 10,359.

6-MAR-2018

The Indian Stock Markets open marginally lower on Tuesday’s trade but fell sharply in last hour of trade as both the Sensex and Nifty ended at fresh 2018 closing lows despite strong global cues.

Both, the Sensex and Nifty losses for fifth consecutive day, especially after the ICICI Bank MD and CEO Chanda Kochhar and Axis Bank’s Shikha Sharma have been summoned by the SFIO (Serious Fraud Investigation Office), in the INR 12,700 Cr PNB fraud case. The BSE Sensex was down 430 points at 33,317 and the NSE Nifty dropped 110 points to close at 10,249.

7-MAR-2018

The pain is not over yet as the benchmark indices loss ground on sixth straight day. The pro-long Nirav Modi case along with Mehul Choksi and other pulled the Sensex down below 33000 during the trading session before closing at 33033. The BSE Sensex closing down 284 points at 33,033 while the NSE Nifty ended below 10,200 levels, falling 95 to close at 10,154.20.

8-MAR-2018

It was a day of relief for the Indian Stock Markets as both the Sensex and Nifty ended in green after a six days losing streak. Heavy short-covering as well as the media reports indicating some countries may be excluded from the US import tariff plan boosted the sentiments of the markets. The Sensex surged as much as 407 points intraday, before closing up 318 points at 33,352 while the NSE Nifty rallied 88 points to 10,243 amid huge volatility.

9-MAR-2018

The Markets opened in the green but failed to extend Thursday’s gains due to sell-off in last hour of trade as the indices closed marginally lower. Pharma and Auto stocks dragged the markets down, but buying in selective technology stocks capped losses. The Sensex was down 44 points at 33,307 and the Nifty fell 16 points to 10,227.

Indian Stock Market Weekly Review – A Week Gone By

Future Outlook –

Though the Indian Stock Markets witness heavy sell-off throughout the week, and corrected almost 10% from the peak (11172), the Nifty took support at 10140 levels – the 200 DMA. It also forms a hammer pattern (a type of bullish reversal candlestick pattern) around this level.

Short-term trigger for the markets that the Investors and traders looked at this point in time is (1) the GST Council meet that is scheduled to be held on Saturday, and (2) macro data like WPI & CPI inflation, IIP which are scheduled next week.

Considering all this, it is likely that the Indian Stock Markets will face a range bound movement between 10100 to 10350 zones. One of the market participants is of the view that what we are experiencing now is a phase of heightened volatility and not a bear market; and such markets present a good case for a buy on dips kind of strategy. Let’s see how things work out!

Also Read –

(1) Detail Analysis and Finblab View on up-coming BHARAT DYNAMICS LIMITED IPO

(2) Finblab’s Valuepick of the month BALKRISHNA INDUSTRIES 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 REVIEW appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

19-FEB-2018

Monday’s trading session witnessed a huge volatility due to the fact that the amount in the Punjab National Bank scam led by Nirav Modi could rise even further. The Sensex dips more than 450 points on the intraday basis with the news that there could be more number of the defaulters and the upcoming derivatives expiry added fuel as well. Benchmark indices closed below their 100 DMA, with the BSE Sensex losing 236 points to 33,775. The NSE Nifty closed below the 10,400 levels, falling 74 points to 10,378.

20-FEB-2018

Tuesday’s was also a volatile session. The Indian Stock Markets erased gains in last hour of trade to close slightly lower. Both the Sensex and Nifty dragged by weak global cues and a sharp correction in the rupee. A couple of news like the NPA’s (Non-Performing Assets) of the PSU Banks could increase even further and the recent alleged PNB scam has clearly impacted the sentiments. The 30-share BSE Sensex was down by 71 points at 33,704 and the 50-share NSE Nifty fell 18 points to 10,360.

21-FEB-2018

It was a day before February F&O Expiry. All-round buying was seen across the sectors especially in the IT sectors where NASDAQ has posted a positive outlook for the Indian IT sector; with cautions though. It was a historic day for the TATA Group as well, where the Group Director Natarajan Chandrasekaran has successfully completed one year at the office. The NSE Nifty up today by 37 points to 10397 whiles the BSE Sensex up by 141 points to close at 33845.

22-FEB-2018

The Indian Stock Markets traded in a narrow range for the most part of the day before witnessing a minor pullback in the last hour of trade. The Nifty was down by 15 points while the Sensex was down by 25 points on the expiry.

23-FEB-2018

March series started with a bang today. The Indian Stock Markets post a sharp recovery as all the major indices closed around its highest intraday levels; thanks to the comments from the US Federal Reserve official relieved concerns of faster interest rate increases in the world’s largest economy. His comments comforted investor’s sentiments that were starting to fear that the US central bank would raise rates 4 times in 2018 instead of 3 times that was projected earlier. The Nifty 50 ended at 10491, up 108 points (1% higher from the previous close), while the Sensex closed 323 points higher at 34142.

Indian Stock Market Weekly Review – A Week Gone By

Future Outlook –

• The Indian Stock Markets have corrected more than 7.50% from its recent highs (made in the last couple of sessions of January 2018) before finding support at near 10275 to 10305 levels as far as Nifty is concern. On technical charts too; it is visible that the Nifty has found its support somewhere around 89 DEMA.
• News from the US Fed Reserve official on Thursday said he expects the central bank to raise interest rates twice in 2018 as against its own guidance of three hikes is a welcome move as far as Indian Markets are concern.

The above-listed factors are good enough to give support to the Indian stock Markets going forward, however, any further correction at this juncture should be considered as a healthy buying opportunity for the investors in quality companies with strong financials, sound management, and bright outlook. All The Best!

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 REVIEW appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Almost every citizen in the country (especially the Tax-Payer) had big hope from the budget, due to the fact that it is the last Budget of Narendra Modi led NDA government, but looking at the kinds of announcement which have been made in the Budget 2018-19 and weekly data, it is a kind of week that the investors never wants to remember for a long-time. On a weekly basis, the Nifty 50 index was down by 309 points, while the BSE Sensex was down by more than 900 points. Here is the Indian Stock Market Weekly Review (29 Jan 2018 to 02 Feb 2018) by Finblab.

29-JAN-2018

Giving a thumps-up to the Indian GDP numbers at 7% to 7.5% in the Economic Survey by the Government, the Indian Stock Market remain in a positive mood on the first day the week. The BSE Sensex rallied more than two-hundred points before closing at 36,283 (up 233 points) while the NSE Nifty jumped 61 points to close at 11,130.

India’s largest Housing Finance Company (HDFC) today posted a good set of numbers, wherein the profits jumped by whopping 145% and sales grew by more than 12%. Newgen Software Technologies made a modest debut on the bourses today, surging 3% over the issue price of INR 245.

30-JAN-2018

The Indian Stock Market took a breather on Tuesday session after closing at fresh record highs on Monday (29 Jan) and ended 250 points lower. Global weak sentiments ahead of FOMC (Federal Open Market Committee) meeting and Union Budget, to be presented on 1st of February, keep both the Sensex and Nifty in red throughout the day.

Minor recovery were seen in the last hour of trade after IOC’s earnings (the company declares 1:1 bonus also) and further fall in crude oil prices. The BSE Sensex broke the psychological level of 36,000 intraday, and finally closing down 250 points at 36,034 while the NSE Nifty was down by 81 points and close at 11,050.

31-JAN-2018

Reacting to the negative global cues (especially from the US, where Benchmark 10 years Treasury note yields closed at 2.7% – highest since 2014) and in anticipation of Long-Term Capital Gain Tax, the Indian Stock Markets remained week throughout the session. The BSE Sensex ended marginally lower at 35,965 (down by 69 points) while the NSE Nifty closed at 11,028 (down by 22 points)

Construction major Larsen & Toubro today posted better than estimated numbers – where the profits up by 53%, while the Banking major ICICI Bank posted week numbers – where the profits were down by 32%

01-FEB-2018

Historic Thursday for the Indian Stock Markets! The markets witness high degree of volatility today as the Finance Minister Arun Jaitley introduce Long-Term Capital Gain Tax (10% on profits of more than INR 1,00,000) into the markets and several other taxes. The markets witness more than 900 points of zigzag movements before the Sensex closing at 35,907 (down by 58 points) while the Nifty closed at 11,017 (down by 11 points). The interesting fact of the today’s trade is that both the FIIs as well as DIIs remained net buyer in the cash segment, and bought stocks worth 1099 Cr and 752 Cr respectively.

02-FEB-2018

It will be considered as a Black Friday of the Indian Stock Market. The equity markets witness one of the sharpest falls in the recent times, especially after the implementation of GST and demonetisation. It was like a bloodbath on the Dalal Street.

Several announcements from the Union Budget like the levy of long term capital gains tax (LTCG) and slippage on the fiscal deficit side as well as rising 10 years bond yields dragged the Sensex down by 840 points to close at 35,067. The NSE Nifty too down by 256 points and closed at 10,761.

Indian Stock Market Weekly Review – A Week Gone By

Future Outlook –

Considering the various announcements made in the Union Budget as well as global scenario, it is likely that the Indian Stock Market may witness high volatility in the next week as well. Though the Indian Equity Market is in structural up trend, the markets (Nifty) could fall another 3% to 5% from hereon. A big point of relief for the Indian Equity Markets is the Q3 numbers which are in line with the expectations or above expectations. This could be the driving force for the markets. Let’s see …

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.

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22-JAN-2018

As expected from the data last week, (Reliance Industry’s strong result and positive global cues) the party continued at the Indian Stock Market on Monday as benchmark indices ended at fresh record closing high. The BSE Sensex rallied 286 points and closed at 35,798 while the NSE Nifty jumped 71.50 points to 10,966. But the star performer of the day was the Nifty Bank index which continued its record-hitting spree and closing above 27,000 level for the first time in the history.

23-JAN-2018

Historical Tuesday for the Indian Stock Market as both indices clocked fresh milestones – BSE Sensex closed above 36,000 and NSE Nifty above 11,000 marks for the first time in the history. A couple of favourable news that helps indices to close above historical level is (1) a surge in global markets, (2) IMF’s positive outlook on Indian GDP growth rate for this fiscal; from 6.7% to 7.4% in 2018 and 7.8% in 2019, (3) steady corporate earnings till now. The 30 shares Sensex ended up 342 points at 36140, while the 50 shares Nifty closed higher by 117.50 points at 11084.

24-JAN-2018

After hitting record highs on Tuesday, the Indian Stock Market as expected witnessed a lacklustre trading session on Wednesday. Sensex, Nifty, and Bank Nifty traded in a narrow range right through the day. Though the Markets end flat it managed to hold key milestones. The BSE Sensex was up 16 points at 36156, while the Nifty was up 2.30 points at 11086. HDFC, ITC, and SBI were some of the heavy weights which helped Nifty closes at record highs for the sixth day in a row.

25-JAN-2018

It was just the second day in last 15 days when Indian Stock Market closed in the red (16th January is last day when the market closed in a Negative zone) with the Sensex falling more than 100 points on Thursday. A sharp rise in oil prices (71 USD) and weak Asian cues due to losses in dollar cooled of the market mood on Thursday. It was the day of January expires as well. The BSE Sensex has broken the 36,000 level intraday, but last hour of positive trend helps it close above that psychological mark and closed at 36050 while NSE Nifty closed at 11070 down by 16 points.

26-JAN-2018

The Indian Stock Market remains closed on 26 Jan because of Republic Day.

Indian Stock Market Weekly Review – A Week Gone By

Future Outlook –

The Indian Stock Market witnessed a strong rally in the first month of 2018 supported by strong domestic buying and good Q3 numbers till now. But from now onward all eyes set on the Union Budget which will be presented on February 1. Looking at the current scenario we can see further short covering in the upcoming week, which can take the Nifty higher towards 11,200 while on the downside Nifty can test 11000.

Positive News for the Markets:

• Steady Corporate Earnings so far
• Strong Buying from the domestic fund, FIIs also turned buyer since last couple of day
• Increase in GST revenue collection in December (86703 Cr v/s 80808 in November)

Negative News for the Markets:

• Rising Crude Oil prices (71 USD a barrel now)
• India 10-Year Bond Yield at 7.307
• Nifty trading above 27.5 PE (well above average PE)

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 REVIEW appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

15-JAN-2018:

The Indian Stock Market continued its upward journey on Monday as well. Both the indices NSE and BSE remaind firm all through the day backed by strong domestic buying. The BSE Sensex rallied 252 points to 34,844 while the NSE Nifty closed above 10,700-mark for the first time, gaining 61 points at 10,742.

16-JAN-2018:

The markets open on a week note on Tuesday backed by weak rupee and rising bond yields. Heavy selling pressure was seen across sectoral indices, especially in Auto, Energy, Metals, and PSU banks. The Sensex was down 72.46 points, or 0.21%, at 34771.05, and the Nifty down 41.00 points or 0.38% at 10700.50.

17-JAN-2018:

After a week trade on Tuesday, The bull runs continued at Dalal Street as equity benchmarks ended at fresh record closing highs on Wednesday despite tepid global cues. The government’s reduction in requirement of additional borrowing for FY18 that painted a robust fiscal picture and likely early resolution to NPA accounts lifted market sentiment. The 30-share BSE Sensex closed above 35,000 levels for the first time today, rising 310.77 points or 0.89 percent to 35,081.82. The 50-share NSE Nifty hit 10,800 intraday but failed to hold the same level at close, gaining 88 points or 0.82 percent at 10,788.50.

18-JAN-2018:

It was a day of high volatility. Though the Benchmark indices (BSE and NSE) finished the day at fresh record closing highs but the broader markets under-performed by a huge margin. The 30-share BSE Sensex surged 425.54 points to hit all-time high of 35,507.36 intraday, before closing up 178.47 points at 35,260.29. The 50-share NSE Nifty gained 28.50 points at 10,817 at close.

19-JAN-2018:

The Dalal Streel remains in a bullish mode on Friday as well. All benchmark indices ended another session at record closing high. Encouraging earnings, gradual boost through change in GST rates, Positive global cues and hopes of good full-fledged Union Budget are key reasons for today’s rally.

Snapshot A Week Gone By

Future Outlook:

It is a third consecutive week where the Indian Stock Market ends on a positive note amid high volatility. The trend is likely to continue backed by the strong Q3 results and also with the fact that FII turned buyer since last couple of days. Last week on January 2018 likely to be more volatile as the big event lined up “The Budget”. Indian Stock Market may witness Pre-Budget rally. Let’s hope for the best.

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 REVIEW appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

8-JAN-2018:

After a steady start in the 1st week of 2018 (Sensex up by 96 points and Nifty up by 28 points on a weekly basis) the market was in a bullish mode on the first day of the 2nd week of 2018 – thanks to positive global cues and post GDP estimates and credit growth data. The 30-share BSE Sensex rallied 199 points to 34,353 while the 50-share NSE Nifty closed above 10,600-mark for the first time in the history, gaining 64.70 points at 10,623.60.

9-JAN-2018:

The bullish mood of the market continued on Tuesday as well. Though benchmark indices remain range bound during the session finally managed to close at a fresh new high. The 30-share BSE Sensex was up 90 points at 34,443 while the 50-share NSE Nifty rose 13.40 points to 10,637, thanks to positive global cues.

10-JAN-2018:

• After two days of rally, the Indian stock markets opened weak on Wednesday. The markets witnessed a sell-off in the first hour of trade due to a continued rally in crude oil prices and if there is an implementation of long-term capital gain taxes in Union Budget. The benchmark indices recovered in the last hour of trade thanks to the sharp rally in IT stocks. The BSE Sensex closed down 10 points at 34,433 while the NSE Nifty fell for the first time in last seven sessions, ending down 5 points at 10,632.
• Today the Cabinet has approved key changes in India’s foreign direct investment (FDI) policy by easing investment norms in the sectors including single-brand retail, construction, and aviation. The cabinet today approved 100% FDI in single-brand retail via automatic route, 100% FDI in construction under automatic route and investment up to 49% under approval route in Air India and allowed FIIs/FPIs to invest in power exchanges via the primary market.

10-JAN-2018:

• The Indian stock markets closed higher on Thursday after consolidation, with the Nifty holding 10,650 for the first time. The BSE Sensex was up 70 points at 34,503 and the NSE Nifty gained 19 points at 10,651.
• Indian IT major Tata Consultancy Services (TCS) has declared its Q3 FY18 results post market hours, wherein the company’s Profit during the quarter increased to INR 6,531 Cr from INR 6,446 Cr in previous quarter, while Revenue in rupee terms grew by 1.2% to INR 30,904 Cr and dollar revenue rose 1% to USD 4,787 million compared to September quarter.

10-JAN-2018:

• The Friday’s trading session was a volatile one. The BSE Sensex falls more than 150 points when the areas of concern flagged by the 4 senior judges of the Supreme Court show that there is some kind of a connection between some people in the ruling government and some judges. The markets, however, gets stabilized and closed on a positive note. The BSE Sensex was up by 89 points while the NSE Nifty closed up by 30 points.
• India’s second-largest software services provider Infosys has declared its Q3 FY18 results post market hours, the Company has reported profit growth of 37.7% at INR 5,129 Cr for the quarter against INR 3,726 Cr reported in the previous quarter due to lower tax expenses. The IT firm has maintained its full-year constant currency revenue growth guidance at 5.5% to 6.5% and EBIT margin at 23% to 25%.

Snapshot A Week Gone By

Future Outlook:

The second week of 2018 also ended on a positive note. Though the mood the market is positive, the momentum clearly suggests that the market may be pricing in likely recovery in corporate earnings for December quarter and the Union Budget, which will be presented on 1st February 2018. It is also very interesting to how the market will react on Monday to the two of the most important data came on the Friday evening; where one is positive and one is negative.

• India’s industrial output (IIP) hit a 25-month in November, jumped to 8.4% YOY against 2.2% in October 2017, led by robust growth in manufacturing, as well as inventory rebuilding after the festive season.
• The CPI Inflation, a measure of retail inflation, rose to 5.21% YOY in December 2017, 17 months high, due to rising food inflation and fuel inflation.

Link – Weekly Review

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 review appeared first on Upcoming ipos: Latest news on stocks, economy & finance.