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Weekly Market Review
Outlook Of The Week | February 18

The market started the week on a pessimistic note as the IMF warned governments to gear up for a possible global economic slowdown. India''s industrial growth measured by IIP inched up to 2.4% in the month of December 2018, after hitting a 17-month low in November, while retail inflation based on CPI continued its southward journey for another month and eased further to 2.05% in the month of January 2019, the lowest in the last 19 months. Wholesale prices in India have eased to 2.76 % in January, as compared to 3.80 % in December, due to cheaper food and fuel prices.

Market participants failed to get any sense of relief with positive macro-economic data. The market’s mood remained grim throughout the week as indices couldn’t even manage a single day of positive close.


The Sensex and Nifty closed the week with loss of 738 points (2.02%) and 219 points (2%) respectively,

Mid Cap index lost 2.71% whereas, Small Cap index lost 2.96% during the week.  

Both FIIs & DIIs were the net buyers during the week.

Sector Wise Movement

BSE Oil & Gas (down by 576 points or 4.2%), BSE Healthcare (down by 550 points or 3.9%), BSE PSU (down by 242 points or 3.6%), BSE Auto (down by 681 points or 3.6%) and BSE Consumer Discretionary Goods & Services (down by 104 points or 2.9%) were the top losers,

Yes Bank up by 25.1%

While BSE Power (up by 3.3 points or 0.2%) was the only gainer on the BSE sectoral front.

Indo Count Indus down by 21.9%

GST Council is likely to meet on February 20 to discuss a proposal to slash tax on cement from 28% to 18% and also consider a recommendation of a Group of Ministers (GoM) on housing that advocates 5% GST in under-construction properties and 3% GST for affordable housing.

The market is expected to remain volatile in view of terrorist attack on CRPF Jawans in J&K. Investors are, therefore, advised to invest in fundamentally good companies on decline.   
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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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