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

For the week, the Sensex was DOWN 846.30 points while the Nifty was DOWN 2.58% during the week.

NEWS AFFECTING INDIAN MARKETS

  1. Indian November factory growth fastest since late 2016 currency shock.
  2. Forex reserves claw back to $400-bn mark again.
  3. Govt in talks with exporters to resolve issues over working capital.
  4. Commerce Secretary for review of import duty on gold.

MARKET PERFORMANCE

NIFTY GAINERS

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
AMBUJACEM 264.15 262.50 1.65 0.63
KOTAKBANK 1006.00 1000.30 5.70 0.57
INFRATEL 385.00 383.70 1.30 0.34
NTPC 181.50 181.15 0.35 0.19
MARUTI 8615.00 8599.10 15.90 0.18

  NIFTY LOSERS

COMPANY NAME CURRENT PREV. CLOSE(RS) CHANG.(RS) CHAG.(%)
TECHM 469.55 489.25 -19.70 -4.03
IBULHSGFIN 1160.00 1205.85 -45.85 -3.80
ADANIPORTS 385.00 398.00 -13.00 -3.27
VEDL 285.90 295.45 -9.55 -3.23
GAIL 454.00 468.40 -14.40 -3.07

NSE WEEKLY GAINERS         

COMPANY NAME DAY’S CLOSING PRICE (RS.) PREV.CLOSE 5 DAYS CHANGE (RS.) 5 DAYS RETURN (%)
SUREVIN BPO SERVICES LTD. 66.80 32.00 34.8 108.75
VALUE INDS 11.05 6.85 4.20 61.31
MADRAS FERT 41.00 26.15 14.85 56.79
SAMTEL COLOR 0.75 0.50 0.25 50.00
MIC ELECTRONICS 12.20 8.15 4.05 49.69

WEEKLY CHARTS

S&P NIFTY WEEKLY

S&P NIFTY WEEKLY

BANK NIFTY WEEKLY

BANK NIFTY WEEKLY

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