weekly market report 13-03-2017 to 17-03-2017
TRANSCRIPT
Format No: RH/ETE/WR Revision No: 0
Date: 2 July 2012
For Week Ended
CEO’s Desk
This week, the Nifty gained 1.5 percent on Tuesday, which was followed by a positive momentum for next couple of sessions as the market participants commemorated the massive victory by BJP in the UP elections. However, post opening, the stock-specific profit booking was witnessed, led to market breadth marginally in favor of the declines. On weekly basis, the Nifty index posted reasonable gains of 2.52 percent over its previous week's close. Resistance for Nifty – 8624/8235 Support for Nifty - 8950/8637
Capital Market Round-up
Index 13-Mar 17-Mar % Change
Sensex 29,437.23 29,649 0.72%
Nifty 9091.65 9160.05 0.75%
BSE Midcap 13,568 13,893 2.40%
BSE Small cap 13,774 14,013 1.73%
Major Market Indicators
Index 13-Mar 17-Mar % Change
Re / $ 66.39 65.34 -1.59%
Crude INR 3,217 3,188 -0.90%
Gold INR 21,600 21,600 0.00%
Sectoral Market Indices
BSE Index 13-Mar 17-Mar % Change
Bankex 24,148 24,151 0.01%
Capital goods 15,657 16,088.96 2.76%
Health Care 15,316 15,483 1.09%
Information Technology
10,556 10,586 0.28%
Metal 11,664 11,876 1.82%
Oil & Gas 13,510 13,421 -0.66%
Power 2,205 2,229 1.08%
Global Market update
Index 13-Mar 17-Mar % Change
Dow Jones 20,899.28 20,915 0.07%
Nikkei 19,634 19,522 -0.57%
Hang Seng 23,830 24,310 2.02%
FTSE 7,367 7,425 0.79%
For the Week Ended 13-03-17 to 17-03-17
Market Commentary
Past Week, Sensex moved up by 0.72% and Nifty was up by 0.75%. Rupee appreciated by 1.59% to 65.34 USD.
Top gainer of the week is Adani ports & speci. (8.92%) and top loser is Coal India Ltd. (-7.75%)
Economic News
• GST can push up GDP by 150-200 bps: HDFC Chairman Deepak Parekh Read more
• PE investments down 50% in February; deals at 32-month low Read more
• Government expects to raise Rs 2,82,212 crore from cess in 2017-18 Read more
Industry News
• Snapdeal to invest $20 million in Freecharge,
names Jason Kothari as CEO. Read More
• Vijay Mallya’s $20 million ‘sky mansion’ is almost ready. But will he get to live in it? Read more
• Air India won’t oppose Qatar Airways bid to set up airline in India: Ashwani Lohani. Read more
Format No: RH/ETE/WR Revision No: 0
Date: 2 July 2012
Media Coverage
❖ Coverage: Rediff.com, 16th March 2017
Topic: New Pension scheme rules: How to invest wisely now!. Read More
Learning Centre
T-Account:
A T-account is an informal term for a set of financial records that use double entry bookkeeping. The
term T-account describes the appearance of the bookkeeping entries. If a large letter T were drawn on
the page, the account title would appear just above the T, debits would be listed under the top line of
the T on the left side and the credits would be listed under the top line of the T on the right side, with
the middle line separating the debits from the credits. Source: Investopedia
New Product Information
Birla Sun Life Resurgent India Fund - Series 3 - Direct Plan
• NFO Opens on: Mar 17, 2017; NFO Closes on: Mar 31, 2017
• Type: Open Ended; Investment Plan: Growth, Dividend
• Fund Class: Hybrid: Equity-oriented
• Fund Manager : Karthikraj Lakshmanan ,Mayank Prakash since Mar 2017
• Min Investment: Rs. 5,000;
• Riskometer: Moderately High; Benchmark: Crisil Balanced Fund Aggressive
Right Horizons Research Team
Mr. Dattatreya B K Head of Research [email protected]
Ms. Nibha Valsan Business Analyst [email protected]
You can also reach us at [email protected]
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