weekly market report 16-01-2017 to 20-01-2017
TRANSCRIPT
Format No: RH/ETE/WR Revision No: 0
Date: 2 July 2012
For Week Ended
CEO’s Desk
This week, the nifty index started with a range bound. The 5 days moving average was a support from the last couple of weeks. The formation of small body candles near the resistance level of 8460 was a clear indication that the index was losing its momentum. Finally, the week ended with the nifty falling by 0.61 % over the previous week close Resistance for Nifty – 8311/8110 Support for Nifty - 8297/8318
Capital Market Round-up
Index 16-Jan 20-Jan % Change
Sensex 27,288 27,035 -0.93%
Nifty 8,413 8,349 -0.75%
BSE Midcap 12,673 12,584 -0.70%
BSE Small cap 12,762 12,761 -0.01%
Major Market Indicators
Index 16-Jan 20-Jan % Change
Re / $ 68.06 68.05 -0.01%
Crude INR 3,575 3,567 -0.21%
Gold INR 21,880 22,000 0.55%
Sectoral Market Indices
BSE Index 16-Jan 20-Jan % Change
Bankex 21,868 21,540 -1.50%
Capital goods 14,618 14,493 -0.85%
Health Care 15,024 14,841 -1.22%
Information Technology
9,851 9,832 -0.19%
Metal 11,330 11,146 -1.63%
Oil & Gas 12,617 12,496 -0.96%
Power 2,125 2,116 -0.42%
Global Market update
Index 16-Jan 20-Jan % Change
Dow Jones 19,886 19,827 -0.29%
Nikkei 19,095 19,138 0.22%
Hang Seng 22,718 22,886 0.74%
FTSE 7,327 7,198 -1.76%
For the Week Ended 16-01-17 to 20-01-17
Market Commentary
Past Week, Sensex dropped down by 0.93% and Nifty was down by 0.75%. Rupee appreciated 0.01% to 68.05USD.
Top gainer of the week is UltraTech Cement. (5.62%) and top loser is Axis Bank Ltd. (-6.76%)
Economic News
Currency situation to normalise by end of Feb 2017: SBI Economic Research. Read More
Universal basic income scheme gaining currency. Read More
Note ban: Govt asks banks to push easier loans to labour intensive sectors. Read More
Industry News
Cadila Healthcare buys US-based Sentynl
Therapeutics. Read More
Fairfax set to sell 25% of ICICI Lombard for
nearly $1 billion. Read More
Orient Green, IL&FS Wind mull wind power
assets merger. Read More
Format No: RH/ETE/WR Revision No: 0
Date: 2 July 2012
Media Coverage
Coverage: Money Control 20th Jan, 2017
Topic: Money moves that must be avoided before Budget. Read More
Learning Centre
Interval Fund:
A non-traditional type of closed-end mutual fund that periodically offers to buy back a percentage of
outstanding shares from shareholders. Shareholders are not required to sell their shares back to the
fund.
Source: Investopedia
New Product Information
Axis Emerging Opportunities Fund Series 2 (1400 Days) - Direct Plan
NFO Opens on: 03-Feb-2017; NFO Closes on: 17-Feb-2017
Type: Close Ended
Fund Class: Equity: Mid Cap; Investment Plan: Growth, Dividend
Fund Manager : Anupam Tiwari/Jinesh Gopani
Min Investment: Rs. 5,000;
Benchmark: S&P BSE Mid Cap; Riskometer: Moderately High
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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