Weekly Equity Report 22th-JAN-2018

MARKET 0UTLOOK

  • The market was BULLISH during the week. The Sensex was UP 919.19 points while the Nifty was UP 2.00 % during the week. Nifty was in the range of 10665-10919
  • The Dow Jones Industrial Average was up 53.91 points, or 0.21 percent, to close at 26,071.72, the S&P 500 gained 12.27 points, or 0.44 percent, to 2,810.3 and the Nasdaq Composite added 40.33 points, or 0.55 percent, to 7,336.38.
    Wall Street rose on Friday, led by gains in consumer stocks, even as a possible government shutdown loomed.
    The S&P 500 and the Nasdaq hit record closing highs, while the Dow ended the day higher after trading in a narrow range.
    For the week, the Dow rose 1.04 percent, the S&P 500 added 0.86 percent and the Nasdaq gained 1.04 percent.Nine of the 11 major S&P sectors were higher, led by a 1.1 percent gain in the consumer staples index and a 0.9 percent rise in consumer discretionary stocks.A disappointing full-year profit forecast from IBM pushed its shares down 4.0 percent, the biggest single-day loss since July.
    The US Senate was racing to avert a shutdown ahead of a midnight deadline on the spending measure amid lingering disagreements between Democrats and Republicans. Negotiations continued on Friday after Senate Democratic leader Chuck Schumer met with President Donald Trump at the White House to address the impasse.
  • For the week, the Sensex was UP 919.19 points while the Nifty was UP 2.00 % during the week.

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Weekly Equity Market Update By MarketMagnify

MARKET 0UTLOOK

RANGE BOUND during the week. The Sensex was UP 97.02 points while the Nifty was UP 0.27 % during the week. Nifty was in the range of 10436-10582

The Dow Jones was up 220.74 points, or 0.88 percent, to 25,295.87, the S&P 500 gained 19.16 points, or 0.70 percent, to 2,743.15 and the Nasdaq Composite has also gained 58.64 points, or 0.83 percent, to 7,136.56. With the New Year’s Day holiday falling on a Monday this year, it was the strongest first four trading days to a year in more than a decade for all three major indices, according to Reuters data. For the Dow, it was the strongest start since 2003 and for the Nasdaq and S&P 500 it was the strongest since 2006. The Dow broke above 25,000 for the first time on Thursday, while the S&P closed above 2,700 on Wednesday and the Nasdaq settled above 7,000 earlier in the week.

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WEEKLY EQUITY REPORT UPDATE BY MarketMagnify

WEEKLY NEWSLETTER EQUITY

The market was in BULLISH TREND during the week. The Sensex was UP 477.33 points while the Nifty was UP 1.55 % during the week. Nifty future was in the range of 10060-10515

The Dow Jones fell 28.23 points, or 0.11 percent, to 24,754.06, the S&P 500 lost 1.23 points, or 0.05 percent, to 2,683.34 and the Nasdaq Composite dropped 5.40 points, or 0.08 percent, to 6,959.96. Wall Street’s major indexes dipped on Friday in low trading volume before the holiday weekend as several blue-chipstocks slipped, including Nike.Nike Inc shares fell 2.3 percent after the company forecast muted growth in current-quarter revenue, reflecting its struggles in the North American market.UnitedHealth Group Inc was down 0.8 percent after the health insurer agreed to buy Chilean healthcare company Banmedica SA for USD 2.8 billion. Investors are winding down ahead of Christmas on Monday, when the market will be closed. Wildly volatile bitcoin plunged below USD 12,000, losing around a third of its market value in five days, before rebounding to above USD 14,000. Companies that have been riding the bitcoin wave were hit hard by the cryptocurrency’s slump.

For the week, the Sensex was UP 477.33 points while the Nifty was UP 1.55 % during the week. » Read more

WEEKLY EQUITY REPORT UPDATE

MARKET 0UTLOOK

The market was BEARISH during the week. The Sensex was DOWN 846.30 points while the Nifty was DOWN 2.58 % during the week. Nifty was in the range of 10108-10410

The Dow Jones Industrial Average fell 40.76 points, or 0.17%, to 24,231.59, the S&P 500 lost 5.36 points, or 0.20%, to 2,642.22 and the Nasdaq Composite dropped 26.39 points, or 0.38%, to 6,847.59. Wall Street fell on Friday, whipsawed by developments with a probe into Russia’s alleged involvement in the US election as well as with progress on a tax bill in Congress. The benchmark S&P 500 was down as much as 1.6 percent following the report. Flynn pleaded guilty on Friday to lying to the FBI about contacts with Russia’s ambassador. Steep sell-offs have been a rarity on Wall Street this year. The S&P 500 has closed down by at least 1 percent only four times in 2017. But stocks recouped the bulk of their initial losses, after US Senate Republicans said they had enough support to pass a sweeping tax overhaul. The Senate news was the latest sign of progress for a tax bill being closely watched by investors, with hopes that significant corporate tax cuts will further fuel Wall Street’s record-setting rally. Advancing issues outnumbered declining ones on the NYSE by a 1.02-to-1 ratio; on Nasdaq, a 1.54-to-1 ratio favoured decliners. Energy was the best-performing sector, rising 0.8 percent. Oil prices settled up slightly, the day after OPEC and other crude producers agreed to extend output cuts until the end of 2018 to tighten global supplies and support prices » Read more

WEEKLY EQUITY REPORT

MARKET 0UTLOOK

The market was BULLISH during the week. The Sensex was UP 336.44 points while the Nifty was UP 1.03 % during the week. Nifty was in the range of 10261-10405

The benchmark S&P 500 and the blue-chip Dow Jones industrials posted weekly gains for the first time in three weeks while the Nasdaq Composite posted its best weekly performance since the week to September 1. The S&P 500 and Nasdaq closed around highs on Friday, with the S&P ending above 2,600 points for the first time. The S&P 500 gained 0.2 percent to 2,602.42, finishing the holiday-shortened session above 2,600 for the first time. The Nasdaq Composite Index rose 0.3 per cent to 6,889.16, its third straight closing high, while the Dow Jones Industrial Average advanced 0.1 per cent to 23,557.99. The S&P 500 and NASDAQ finished at fresh records on Friday as the start of the holiday shopping season boosted Amazon and several other retailers. Retail experts are generally upbeat about this year’s holiday shopping performance amid low unemployment and lofty stock valuations. Amazon jumped 2.6 percent as it announced a bevy of deals ahead of the “Cyber Monday” shopping day. The S&P retail index rose 0.75 percent and hit a record intraday high, led by Amazon’s 2.6 percent gain. The energy index and the materials index were boosted by rising commodities prices. US oil prices jumped to a more than two-year high as North American markets tightened on the partial closure of a key pipeline linking Canada and the United States.

For the week, the Sensex was UP 336.44 points while the Nifty was UP 1.03 % during the week.

NEWS AFFECTING INDIAN MARKETS

Reform pace has been good, but have seen some teething problems: S&P Ratings Services

Centre to auction up to 21 GW solar, wind capacity by March 2018

NBFCs’ to have 19% pie of overall loan market by FY20: Report

Apparel exports in Rajasthan down 30% in October

MARKET PERFORMANCE

NIFTY GAINERS

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
AUROPHARMA 717.00 694.40 22.60 3.25
GAIL 471.50 462.90 8.60 1.86
INFRATEL 381.00 374.60 6.40 1.71
INFY 1008.00 991.25 16.75 1.69
INDUSINDBK 1670.05 1643.35 26.70 1.62

  NIFTY LOSERS

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
HINDALCO 251.40 255.25 -3.85 -1.51
VEDL 306.00 308.80 -2.80 -0.91
SBIN 332.10 334.95 -2.85 -0.85
ICICIBANK 316.85 319.45 -2.60 -0.81
UPL 744.00 749.20 -5.20 -0.69

 NSE WEEKLY GAINERS         

COMPANY NAME DAY’S CLOSING PRICE (RS.) PREV.CLOSE 5 DAYS AGO (RS.) 5 DAYS RETURN (%)
N K Industries L 70.05 34.30 35.75 104.23
Jai Corp Ltd. 189.65 118.45 71.20 60.11
Zandu Realty 2032.05 1345.95 686.10 50.98
Praj Industries 117.10 81.30 35.80 44.03
Nagreeka Export 54.65 38.45 16.20 42.13

WEEKLY CHARTS

S&P NIFTY WEEKLY

S&P NIFTY WEEKLY

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BANK NIFTY WEEKLY

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