weekly market report 20-03-17 to 24-03-17
TRANSCRIPT
Format No: RH/ETE/WR Revision No: 0
Date: 2 July 2012
For Week Ended
CEO’s Desk
After a remarkable up move in the last week, the nifty started on Monday on a flat not. For the first, two trading sessions of the week, Nifty Trade in a narrow range. Stock specific profit booking seen in the broader market led to the declines. Nifty index opened gap down opening on Wednesday and tested the gap up on Tuesday. Gap area acted as a support and the index rebounded higher in the last two sessions. At the end the week with a marginal loss of 0.57% over its previous week close Resistance for Nifty – 8674/8255 Support for Nifty - 9006/8682
Capital Market Round-up
Index 20-Mar 24-Mar % Change
Sensex 29653 29421 -0.78%
Nifty 9167 9108 -0.64%
BSE Midcap 13919 13849 0.50%
BSE Small cap 14044 14,077 0.24%
Major Market Indicators
Index 20-Mar 24-Mar % Change
Re / $ 65.24 65.30 0.08%
Crude INR 3,177 3,121 -1.79%
Gold INR 21,600 21,840 1.11%
Sectoral Market Indices
BSE Index 20-Mar 24-Mar % Change
Bankex 24,191 24,061 -0.54%
Capital goods 16112 16,082 -0.18%
Health Care 15,507 15,357 0.97%
Information Technology
10,538 10,438 -0.95%
Metal 11,889 11,859 -0.25%
Oil & Gas 13,440 13,462 0.16%
Power 2,233 2,235 0.07%
Global Market update
Index 20-Mar 24-Mar % Change
Dow Jones 20,916 20,681 -1.12%
Nikkei 19,416 19,066 -1.80%
Hang Seng 24312 24,396 0.34%
FTSE 7425 7,341 -1.13%
For the Week Ended 20-03-17 to 24-03-17
Market Commentary
Past Week, Sensex moved down by 0.72% and Nifty was down by 0.64%. Rupee depreciated by 0.08% to 65.30 USD.
Top gainer of the week is Kotak Mahindra Bank . (3.67%) and top loser is Idea Cellular Ltd. (-15.91%)
Economic News
• I-T department uncovers Rs 45,622 crore
undisclosed income in 3 years Read more
• Net forex reserves increase by $14.2 billion in
April-December period Read more
• Centre to infuse Rs 8,586 crore capital in 10 weak
banks Read more
Industry News
• SpiceJet pips Jet Airways to become India’s second-most valued aviation firm Read More
• Sebi bans Reliance Industries from equity derivatives market for a year Read more
• GVK Power sells 33% stake in BIAL for Rs2,202 crore. Read more
Format No: RH/ETE/WR Revision No: 0
Date: 2 July 2012
Media Coverage
❖ Coverage: Moneycontrol, 23th March 2017;
How to maintain your finances. Read more
Learning Centre
Palisades Water Index (ZWI):
A stock market index that gauges the performance of global water industry companies.
These companies encompass such subsectors as water utilities, pump and filter
manufacturers, and irrigation equipment. The index was created in order to capitalize on the
growing public awareness of water provision and treatment. The index was set at 1000 as of
December 31, 2003. Power Shares has contracted to create the Power Shares Water
Resources Portfolio (PHO), a new exchange-traded fund that is based on the Palisades
Water Index (ZWI) Source:
Investopedia
New Product Information
BNP Paribas Balanced Fund
• NFO Opens on: Mar 17, 2017; NFO Closes on: Mar 31, 2017
• Type: Open Ended; Investment Plan: Growth/Dividend
• Fund Class: Hybrid: Equity-oriented
• Investment Objective: The Scheme seeks to generate income and capital
appreciation by investing in a diversified portfolio of equity and equity
related instruments and fixed income instruments.
• Min Investment: Rs. 5,000; Offer price : Rs 10
• Riskometer: Moderately High; Benchmark: Crisil Balanced Fund Aggressive
• KIM & Application Read More
Format No: RH/ETE/WR Revision No: 0
Date: 2 July 2012
Right Horizons Research Team
Mr. Dattatreya B K Head of Research [email protected]
Ms. Nibha Valsan Business Analyst [email protected]
Mrs. Bargavi.S Business Analyst [email protected]
Mrs. Swathi.G Business Analyst [email protected]
You can also reach us at [email protected]
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