Monday, 21 December 2015

INDIAN MARKET OVERVIEW-21-12-2015



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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