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Weekly Market Review
Outlook Of The Week | February 11

Indian equity managed to end the week in green. As per the Moody''s Investors Service''s statement, the government will find it difficult to meet the fiscal deficit target of 3.4% in FY20 on account of higher spending outlined in the interim budget for FY20 and low revenue growth. Markets witnessed consolidation after RBI in its sixth bi-monthly monetary policy review for FY19, reduced the policy repo rate under the liquidity adjustment facility by 25 basis points from 6.50% to 6.25% with immediate effect. The RBI also decided to change the monetary policy stance from calibrated tightening to neutral. However, selling on last day of trade played spoilsport for the Indian equity markets and ate most of their early gains as traders turned pessimistic on renewed concerns over US-China trade tiff.

 

The Sensex and Nifty closed the week with gain of 77 points (0.21%) and 50 points (0.46%) respectively,

Mid Cap index lost 2.13% whereas, Small Cap index lost 2.11% during the week.  

FIIs were the net buyers whereas; DIIs were the marginally net sellers during the week.

Sector Wise Movement

BSE TECK (up by 126.16 points or 1.66%), BSE Information Technology (up by 190.09 points or 1.23%), BSE Consumer Durables (up by 241.97 points or 1.13%), BSE Consumer Discretionary Goods & Services (up by 20.96 points or 0.59%) and BSE BANKEX (up by 134.43 points or 0.44%) were the top gainers,

Dish TV India was up by 22.34%

While BSE Power (down by 106.24 points or 5.63%), BSE Capital Goods (down by 616.15 points or 3.53%), BSE Metal (down by 276.34 points or 2.62%), BSE PSU (down by 167.58 points or 2.45%) and BSE Realty (down by 29.10 points or 1.62%) were the top losers on the BSE sectoral front.

Reliance Power was down by 58.63%.  

On the economy front, Index of Industrial Production (IIP) data for the month of December will be announced on Feb 12.

The market participants will be eyeing the Q3 results of remaining companies due to declared by Feb 14, 2019.

The market is expected to consolidate. Investors are, therefore, advised to invest in fundamentally good companies on decline.   
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ABOUT THE BLOGGERS
Mr. Animesh YadavFundamental & Derivatives Analyst

Animesh has spent 3 years covering Indian derivative market with Moneysukh (Derivative Analyst) and Global OTC derivative market with CRISIL GR&A (Research Analyst). Since, June 2018 Animesh led Fundamental and Derivative Research Desk at Satco cove..

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