googlemarker
Open An Account
Secure With Us
Satco Wealth
Trade on Mobile

blog

Weekly Market Review
Outlook Of The Week | April 08

Bulls continue to dominate the market for the seventh consecutive week and ended the first week of FY20 above crucial levels. Market started the week on optimistic note aided by RBI’s data showing the Forex reserves continued to surge for third week in a row. Sentiment also got boosted as the collection of GST recorded high of Rs. 1.06 lakh crores in March up from Rs. 97,247 crores in the previous month. Market participants ignored RBI’s data that the country’s CAD widened to 2.5% of the GDP in the third quarter of FY19 as compared to 2.1% in the last year, primarily because of the higher trade deficit. Investor also paid no heed towards Commerce Ministry Data showing that the growth in 8 core sector industries slowed down to 2.1% in Feb,19 as compared to 5.4% in Feb,18. However, there was profit booking in two consecutive sessions as traders turned anxious after the private report published by Skymet regarding India’s coming monsoon might be less than normal. Traders failed to sense any relief from RBI’s repo rate cut by 25bps to 6%. But rally continued in the last trading session of the week, as the Finance Secretary said that the government is close to meeting fiscal deficit target of 3.4% for 2018-19.    

The Sensex and Nifty closed the week with gain of 189 points (0.49%) and 43 points (0.37%) respectively, manily due to continuous FIIs buying.

Mid Cap and Small Cap indices recorded gain 0.19% and 0.12%, respectively, during the week.  

FIIs continued to be net buyers whereas DIIs were net sellers during the week.

 Sector Wise Movement

BSE Metal (up by 353.8 points or 3.1%), BSE Realty (up by 61.9 points or 3%), BSE Auto (up by 503 points or 2.7%), BSE Information Technology (up by 274.6 points or 1.8%) and BSE TECK (up by 118.6 points or 1.6%) were the top gainers,

Godrej Properties was up by 20%

While BSE Oil & Gas (down by 428.9 points or 2.8%), BSE Consumer Durables (down by 400.6 points or 1.7%), BSE PSU (down by 111.7 points or 1.5%), BSE BANKEX (down by 389.7 points or 1.1%) and BSE Fast Moving Consumer Goods (down by 113.3 points or 0.97%) were the top losers on the BSE sectoral front.

Reliance Comm was down by 21%

Traders would be waiting for the release of the industrial production (IIP) data for the month of February on April 12.

With the official start of the earnings season, market-men will be eyeing the Q4FY19 results announcements of Delta Corp, Hathway Bhawani Cabletel & Datacom, Bajaj Consumer Care, Infosys, Tata Consultancy Services, etc.

We expect the market to witness healthy consolidation at the current levels. Investors are, therefore, advised to invest in fundamentally good companies on every decline.   
COMMENTS
No Comments Found
LEAVE YOUR COMMENT
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..

View Full Profile
OUR EXPERT BLOGGERS
636711444367691244_original_-_Copy_100x100.jpegMr. Animesh YadavFundamental & Derivatives Analyst
636604381429462200_Webp.net-compress-image.jpgMr. Sumit SrivastavFundamental Analyst
636362323634331715_Optimized-rekha_maam.jpgMrs. Rekha NagraniPrincipal Officer - Insurance
636359828397832919_Optimized-S.T_Gerela.pngMr. S.T GerelaDirector
636356367407637596_naresh1.jpgMr. Naresh TejwaniDirector
Prevent Unauthorised transactions in your account. Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day.....Issued in the interest of investors.  |  No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. |  KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
Dear Client, Pursuant to SEBI regulation, update your KYC details through KRA form with supporting documents at earliest to complete KYC-KRA requirement. If already submitted, kindly ignore. For any information, in this regard, please contact to our KYC Department on 022-66556772/73/74 or email at kyc@satco.co.in.
  • NSE - INZ000198838  | 
  • BSE- INZ000198838  | 
  • MCX- INZ000198838  | 
  • NCDEX- INZ000198838  | 
  • CDSL – IN-DP-CDSL-727-2014  | 
  • PMS - INP000003492  | 
  • RESEARCH – INH000002343
  • © Copyright 2015. SATCO CAPITAL MARKETS LTD. || Designed Developed & Content Powered By Accord Fintech Pvt.Ltd.
VISIT COUNT     6613