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Weekly market update (8th June - 12th June).

Weekly market update (8th June – 12th June).

 

Overall Performance:

This week, Indian Equities witnessed the most volatile week. The week started on a positive note but selling pressure was seen in mid-week due to which market declined by 1 percent in this week. Decline was noticed due to many reasons such as Moody’s downgrade rating, decline in global equities, ADR verdict and rising cases of COVID-19. However, market was supported due to the increasing foreign investment and the decision by the government to lift certain lock down norms to recover the economy.

Overall Indian market declined by 1 percent but small cap index and mid cap index outperformed in this week. On Monday 8th June, SENSEX opened at 34,287.24 and closed at 34,370.58 (up by 83.34 points) while, on Friday it closed at 33,780.89 and increased by 242.52 points. When compared with opening price on Monday, SENSEX declined by 1.48 percent this week. While, on Monday, NIFTY opened at 10,142.2 and closed at 9,972.90 on Friday, down by 1.68 percent.

The S&P BSE Mid-cap index gained more than 0.37 percent and closed at 12,600.15 on Friday. But some mid cap stocks gained more than 10 percent. This includes stocks such as Ujjivan Financial Services, PC jewellers, Cochin Shipyard, Info Edge, Granules India, Dishman Carbogen and Swan Energy. On the other side The S&P BSE Small-cap index was flat in this week.

 

Global indices, commodities and currency:

DAX was trading at 12,777.50, down by 70.18 points or 0.55% on Monday while today it is trading at 11,949.28, down by 21.01 points and NASDAQ was trading at 9,814.08 up by 198.27 points or 2.06% while now it is trading at 9,588.81 up by 96.80. CAC was trading at 5,169.24 and decreased by 0.55% or 28.55 points. It is now trading at 4,839.26 up by 23.66 points.

When market closed on Monday, Gold was trading at 45,985.00, up by 274 points or 0.60% and is now trading at 47,334. Silver was trading at 48,189.00, up by 838.00 points and is currently trading at 47,690, down by 949.00 points.

On Monday, at the closing time of Indian indices, USD was trading at Rs 75.54 which is now trading at Rs 75.84. EURO was trading at Rs 85.20, and is currently trading at Rs 85.46. GBP was trading at 95.21, which is now trading at Rs 95.25.

 

Sector wise:

This week, major gain was seen in Banking, Financial, IT, Energy and Auto Sector. NIFTY Bank decreased by 379.95 points (in this week, comparing to the opening price of Monday), closed at 20,654.55.

 

Top 5 gainers:

This week, share price of IndusInd Bank increased by 25.12% or by 106.10 points, closing at Rs 528.45, India Bulls Housing gained 17.81% or 23.20 points, closing at Rs 153.45. Shares of Mahindra and Mahindra jumped by 5.01 percent or 24.25 points, closing at Rs 508.45. Hero MotoCorp’s share price increased by 61.20 points or 2.61 percent, closing at Rs 2,401.85 this week, and share price of Bajaj Finance gained 59.80 points or 2.50 percent and closed at Rs 2,450.15.

 

Top 5 losers:

Dewan Housing Finance Corporation fell by 4.36 percent or by 0.67 points and closed at Rs 14.68. This week, share price of Zee Entertainment decreased by 4.20 percent or 7.40 points, closing at Rs 168.60. Reliance Power fell by 4.09% or 0.11 points, closing at Rs 2.58 shares. Endurance Tech declined by 3.98 percent or 34.10 points, closing at Rs 821.85 and share price of ONGC declined by 3.39% or 2.95 points and closed at Rs 83.95 on Friday.

 

Stocks in news:

This week, IT sector saw a huge loss mainly after the H-1B Visa news which impacted on their stocks and almost all IT stocks including TCS, Wipro and Infosys ended on a negative note. On the other side, telecom index impacted due to the ADR verdict. IndusInd Bank was in news in this week, as they continued to gain for 5 consecutive day mainly after the announcement of Additional shares purchase by promoters in the company and closed at Rs 528.45. On the other side, after announcement of Quarter 4 Results, Mahindra and Mahindra share price jumped more than 5 percent this week. Other than these stocks, most active in terms of volume includes stocks such as Vodafone Idea, SAIL, Axis Bank, Bharti Airtel, IDFC First Bank, SBI, NCC, Bank of Baroda, Tata Motors, Jindal Steel, ITC, ICICI bank, Adani power and Tata power.

 

 

Market update 12th June 2020. Market closes with highest intraday gains in more than two months.

Equity Right

Weekly market update (1st June - 5th June).

Weekly market update (1st June – 5th June).

 

Overall Performance:

This week, Indian Equities followed positive cues as government has lifted certain lock down norms and other reasons such as ECB’s stimulus and strong FII inflows has supported economy to recover. Indian indices gained nearly 6 percent and almost on all days, indices ended on positive note. The S&P BSE SENSEX crossed 34,250 and NIFTY reached 10,140 mark.

On 1st June, SENSEX opened at 32,424.1 and closed at 33,303.52 (up by 879.42 points) while, on Friday it closed at 34,287.24 and increased by 306.54 points. When compared with opening price on Monday SENSEX gained around 5.7 percent this week. On the other side, NIFTY opened at 9,580.3 and closed at 10,142.15 on Friday, up by 5.9 percent.

The S&P BSE Mid-cap index gained more than 5 percent and closed at 11,855.17 on Friday. This includes stocks such as Jindal steel and powers, Future Retail limited, RBL bank, and Adani Powers. The S&P BSE Small-cap index gained around 6 percent and closed at 4,423.10 on Friday and includes stocks such as Birla Corporation Ltd, Alok Industries and JBF Industries limited.

 

Global indices, commodities and Currency:

Global index DAX was trading at 11,586.85 down by 194.28 points or 1.65% on Monday while today it is trading at 12,847.68 up by 417.12 points. NASDAQ was trading 9,489.87 up by 320 points or 3.36% while now it is trading at 9,814.08, up by 198.27 and CAC was trading at 4,753.87, increased by 1.24% or 58.43 points, now trading at 5,197.79 up by 185.81 points.

When market closed on Monday, Gold was trading at 46,774.00 up by 120 points and 0.26% and is now trading at 45,698. Silver was trading at 50,298 up by 180 points and 0.36%, currently trading at 47,351 down by 1,460 points.

On Monday, at the time of closing of Indian indices, USD was trading at Rs 75.54 which is now trading at Rs 75.58. EURO was trading at Rs 83.90, currently trading at Rs 85.53 and GBP was trading at Rs 93.51 which is now trading at Rs 96.15.

 

Sector wise:

This week major gain was seen in Banking, Financial, IT, Energy and Auto Sector. NIFTY Bank increased by 1,737.25 points (in this week, comparing to the opening price of Monday), closed at 21,034.50.

 

Top 5 gainers:

This week, share price of Tata Motors increased by 27.30% or by 23.75 points, closing at Rs 110.75. Bajaj Finance gained 22.35% or 436.70 points, closing at Rs 2,390.35 and shares of Bajaj Finserv jumped by 18.88 percent or 831.50 points, closing at Rs 5,236.40. SBI’s share price increased by 26.50 points or 16.43 percent, closing at Rs 187.80 this week, and share price of Tata Steel gained 43.75 points or 14.82 percent and closed at Rs 338.95.

 

Top 5 losers:

SRF’s share price fell by 3.77 percent or by 143.05 points and closed at Rs 3,648.00. This week, share price of Indraprastha Gas decreased by 3.16 percent or 15.95 points, closing at Rs 488.75. TCS fell by 2.19 % or 45.80 points, closing at Rs 2,048.10 shares. Tata Communications declined by 2.05 percent or 9.85 points, closing at Rs 470.10 and share price of Marico declined by 2.01% or 6.70 points and closed at Rs 326.45 on Friday.

 

Stocks in news:

This week many stocks locked in the upper circuit which includes shoppers shop, IDBI Bank, Canara Bank, HEG, Adani Green Energy and KEI industries. Major gain was seen in Banking, Finance and Auto sector in this week. Bajaj Finance and Bajaj Finserv were in news as share price of their company increased by 436.70 points and 831.50 points, closing at Rs 2,390.35 and Rs 5,236.40 respectively. In auto sector, major gain was seen in shares of Tata motors as they started operations at all their plants. It increased by 27.30% or by 23.75 points, closing at Rs 110.75.

Shares of SBI increased more than 16 percent after they reported profit of Rs 3,580.81 crore in their Q4 FY20 results and closed at Rs 187.80. Other than these stock, most active in terms of volume includes stocks such as Vodafone Idea, Axis Bank, Bharti Airtel, IDFC First Bank, SAIL, NCC, Bank of Baroda, Tata Motors, Jindal Steel, ITC, ICICI bank, Adani power, Tata power and SBI.

 

 

Market update 5th June 2020. Market ends week in a positive way.

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