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Weekly Market Review
Outlook Of The Week | March 05

Buying emerged on the last trading day of the week and helped the markets to end in green. Market started the week on optimistic note on the back of Commerce and Industry minister Suresh Prabhu’s statement that government is making a strategy to make India 5 trillion economy. However, the geopolitical tension between India and Pakistan took toll on equity market and volatility increased. Nikkei India Manufacturing Purchasing Managers'' Index (PMI) rose to 54.3 in February, up from 53.9 in January. Markets participants shrugged off the Central Statistics Office''s (CSO) data stating that India''s economic growth slowed to a 5-quarter low of 6.6% in October-December period of this fiscal on the back of lower farm and manufacturing growth and weaker consumer demand. Traders also ignored the government''s data showing that eight core industries grew at the slowest pace in 19 months in January as the production of crude oil, refinery products and electricity contracted.



The Sensex and Nifty closed the week with gain of 192 points (0.54%) and 72 points (0.67%) respectively,

Mid Cap and Small Cap index gained 2.35% and 3.43% during the week.  

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


Sector Wise Movement

On the sectoral front, BSE Capital Goods (up by 506.41 points or 3.01%), BSE PSU (up by 191.11 points or 2.87%), BSE Metal (up by 265.26 points or 2.49%), BSE Oil & Gas (up by 302.89 points or 2.22%), BSE Healthcare (up by 301.36 points or 2.22%) were the top gainers on the BSE sectoral front while, BSE Realty was down by 21.67 points or 1.19% to 1796.11 was the only loser.

Traders will be keeping an eye on Nikkei Services PMI data for the month of February which is scheduled to be released on March 5, 2019. Nikkei India Services PMI dropped to a three-month low of 52.20 in January 2019 from 53.20, leading to softer upturn in business activity.

With temporary cooling of geo-political tension between India and Pakistan, market will once again focus attention on domestic factors such as upcoming elections, fundamental and macro-economic indicators.

Mid & Small Cap witnessed buying in the previous week and the same is expected to continue. However Nifty & Sensex may continue to be range bound.  

The market is expected to remain volatile, 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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636711444367691244_original_-_Copy_100x100.jpegMr. Animesh YadavFundamental & Derivatives Analyst
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636356367407637596_naresh1.jpgMr. Naresh TejwaniDirector
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