INDIAN MARKET OVERVIEW
The market snapped four-day winning streak on Friday,
falling more than 1 percent due to profit booking and correction in global
peers after investors digested Fed event. Nifty future up by 66 points to close
at 7790.
The 30-share BSE Sensex down 284 points at 25519. The market
breadth was weak as about 1302 shares advanced against 1401 declining shares on
the BSE.
The Indian economy is likely to grow at 7-7.5 percent in
fiscal 2015-16 while retail inflation is expected at 6 percent, the
government's Mid-year Economic Review authored by Chief
Weekly Equity Report-21-12-2015
Indian markets edged down.
Sensex & Nifty up by 2.06% and 1.89%
Wall Street ended flat. JPY GDP
(YoY) (Q3) came 1.0%.
Asia-Pacific markets closed
down. INR Industrial Production up 3.6% to 9.8%.
Indian indices moved in bullish trend
during the week on the back of global sentiments. S stocks closed lower on
Friday for the second straight day, as concerns, ranging from a decline in
crude oil prices to the global response to the Federal Reserve's interest hike,
weighed down the market .
The expiration of stock and index options contracts
added volatility in a heavy trading volume day. The S&P and Dow had their
worst two-day performance since Sept.1.
Indian
indices remained positive during the week but closed down on Friday. The market
will look forward to the budget session with respect to passage of the Goods
and Services Tax (GST) Bill. Modi's cabinet this week cleared a $14.7 billion
Japanese proposal to build a bullet train line between Mumbai and Ahmadabad,
giving Japan an early lead over China, which is conducting feasibility studies
for high speed trains on other parts of the Indian rail network.
World markets trend moves bearish during the week. USA,
Asian and Euro markets were consolidate on positive note during the week. DAX
and CAC closed negative by 4.80% and 4.37% each. FTSE100 index went down by
2.15%; S&P 500 closed negative by 1.29%; NASDAQ were up by 0.29%.
In Asian
market Nikkei went down by 1.91%. HangSeng went up by 0.76% & KLSE went
down by 0.87%. Jakarta was down by 1.14%, Straits Times up by 0.70% and Seoul
closed on negative note by 2.69%.
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