Results Keep Markets In A Positive Mood
DSIJ Intelligence / 26 Apr 2013
In the past week, the Indian indices have moved up in tandem with the global markets. The corporate results were a key trigger on the domestic scene.
The markets witnessed better movement in the week gone by. The Sensex and the Nifty were up by 1.42% and 1.53% respectively during the period.
| Benchmark Indices | |||
|---|---|---|---|
| Index | 26-Apr-13 | 18-Apr-13 | % Change |
| SENSEX | 19286.72 | 19016.46 | 1.42 |
| NIFTY | 5871.45 | 5783.1 | 1.53 |
| Hang Seng | 22547.71 | 21512.52 | 4.81 |
| Nikkei | 13884.13 | 13220.07 | 5.02 |
| Shanghai Comp | 2177.91 | 2197.6 | -0.90 |
| Dow Jones* | 14700.8 | 14618.59 | 0.56 |
| S&P 500* | 1585.16 | 1552.01 | 2.14 |
| NASDAQ* | 3289.99 | 3204.67 | 2.66 |
| Bovespa* | 54963.32 | 55400.91 | -0.79 |
| FTSE | 6410.06 | 6271.84 | 2.20 |
| DAX | 7802.98 | 7541.04 | 3.47 |
| CAC | 3804.49 | 3631.34 | 4.77 |
| * closing till Thursday | |||
The Indian indices moved up in tandem with the global markets. The main drivers for the market this week were the corporate results and the expiry of the April F&O series. The results have been on the better side after the downslide that the markets saw after Infosys declared its quarterly results. Till date, 103 companies have come out with their numbers and the aggregate topline and the bottomline have grown by 4.39% and 14.07% respectively on a YoY basis. The likes of HDFC Bank, LIC Housing Finance, Idea Cellular and Cera Sanitaryware came up with strong report cards.
On the global front, the UK GDP has managed to post positive numbers in the first quarter of the current calendar year. The GDP numbers that were reported on Thursday, April 25 indicate that the economy grew by a modest 0.3% in the January-March 2013 quarter. The GDP growth rate in the previous quarter was -0.3%, and hence, the Q1 numbers indicate that the world's seventh largest economy has avoided triple-dip recession.
On the Asian front, HSBC's Flash PMI for China for the month of April 2013 has come down to 50.5 from 51.6 in March 2013, indicating further weakness in the economy. The country’s manufacturing output also declined to 51.1 from 53.0 in March 2013, which shows that the manufacturing sector is not yet out of the woods. The numbers underlines the IMF's earlier comments in which it cut the global growth forecast for 2013.
| Currency Rate | |||
|---|---|---|---|
| Index | 26-Apr-13 | 18-Apr-13 | % Change |
| USD | 54.29 | 54.03 | 0.49 |
| EURO | 70.68 | 70.49 | 0.26 |
| GBP | 83.88 | 82.43 | 1.76 |
| JYP (per 100) | 55.05 | 55.14 | -0.16 |
| Key Commodity Indicators | |||
|---|---|---|---|
| Index | 26-Apr-13 | 18-Apr-13 | % Change |
| Gold | 27122 | 25740 | 5.37 |
| Silver | 44886 | 43705 | 2.70 |
| Crude Oil (Brent) | 102.71 | 98.95 | 3.80 |
| Crude Oil (WTI) | 92.98 | 87.82 | 5.88 |
West Texas Intermediate (WTI) crude fell for the first time in seven days amid speculations that the biggest weekly advance since June 2012 was excessive. Futures slid as much as 0.9%, paring this week’s advance to 5.7%. Prices may rise next week on talks that the European Central Bank (ECB) will cut its key interest rate to a record low. Brent crude’s premium to WTI shrank to its narrowest since January 2013. Gold prices in India, the world's biggest buyer of the metal, which fell below the Rs 29,000 mark in the previous week, witnessed some recovery in this one. Gold and silver were up by 3.80% and 5.88% respectively.
| Sectoral Indices | |||
|---|---|---|---|
| Category/Index | 26-Apr-13 | 18-Apr-13 | % Change |
| Broad | |||
| MIDCAP | 6275.12 | 6099.64 | 2.88 |
| SMLCAP | 6023.86 | 5872.11 | 2.58 |
| BSE-100 | 5868.79 | 5553.82 | 5.67 |
| BSE-200 | 2360.54 | 2239.72 | 5.39 |
| BSE-500 | 7299.22 | 6944.14 | 5.11 |
| Sectoral Indices | |||
| BANKEX | 14343.35 | 13075.56 | 9.70 |
| CG | 9756.89 | 8940.19 | 9.14 |
| REALTY | 1892.92 | 1801.46 | 5.08 |
| FMCG | 6116.45 | 5792.43 | 5.59 |
| AUTO | 10848.28 | 9920.53 | 9.35 |
| PSU | 6837.6 | 6455.5 | 5.92 |
| OIL&GAS | 8691.77 | 8362.56 | 3.94 |
| POWER | 1732.5 | 1653.48 | 4.78 |
| CD | 7288.34 | 6958.57 | 4.74 |
| HC | 8624.83 | 8289.1 | 4.05 |
| METAL | 8636.85 | 8415.35 | 2.63 |
| TECk | 3413.32 | 3506.81 | -2.67 |
| IT | 5614.92 | 6040.48 | -7.05 |
The money inflows from FIIs remained strong, as they bought equities worth Rs 2308 crore in the week. DIIs ended the week in red, selling equities worth Rs 459 crore. Going forward, the results will be the main trigger that will decide the future course of the markets going forward. Therefore, some volatile trades can be witnessed in the week coming up.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.