Weekly Update : Equities last Week 17-04-2009

By Abhishek on 5:18 PM

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On the back of funds and institutional buying Indian market again ended positive for the sixth consecutive week. The efforts from all counties to prevent their economy by global economic turndown by providing assistance in the way of stimulus package to local industries is now showing its effects. This pool of money will surely again park in riskier asset kike stocks market and to get better return investor will put these money in Emerging markets stocks.



Last week Nifty closed below 3400 after a huge volatility of 4 days of trading which took place last week, to know the answer traders will keep guessing going into next week.  Markets moved down from its 200 DMA (Daily Moving Average), which is a important level for the market to continue the uptrend.


The 30 share index, Sensex surged 219.23 points, or 2.03%, to 11,023.09 in the week ended Apr. 17, 2009. On the other hand, the broad based NSE Nifty climbed 42.35 points, or 1,27%, to 3,384.40 in the same period. The Put Call Ratio (PCR) ratio stand at 1.59 on Friday closing.


Major Updates of Last Week


Race to Ride : Tech Mahindra walks with Satyam Computer


India Earning : Infosys missed forecast, Q4 consolidated net falls 1.71%


India to VOTE Today for a NEW & Better TOMORROW


Inflation continues to move southwards, hits 0.18%


India Volatility Index VIX showing some correction ahead : Weekly Update



Weekly Call Performance : Last week, we gave some stock ideas to make money for our visitors, and amazingly all calls tick the target none of them touched stop loss. Which means 100% efficiency on Weekly Call. SESA GOA, SAIL and Axis Bank tops the charts while indicated HindZinc and Tata Steel adds the flavor on the table.





Sectoral : Bankex and Realty sectors were the top gainers among sectoral indices. BSE Bankex soared 9.53% followed by Realty, which surged 6.13%, Auto rose 4.05%, Power increased by 3.26%, Healthcare moved up by 2.90%, FMGC was up 1.82% during the week whereas; BSE Consumer durables plunged 6.01%, IT and Oil & Gas declined over 1% each over the week.


One of the major event of stock market history in this global slowdown “Japanese Government has passed a legislation allowing the government to buy shares from the market until March 2012 if share prices plunge.



World Markup : Asian market rallied on account of weak yen and better export data, Japanese Nikkei index slipped 8.48 points or 0.10, making the only index which ended negative on weekly basis. While Chinese, Shanghai Index gained the most despite of the weak GDP numbers of only 5% for the Q1 CY 2009.


US market ended higher marginally with a gain ranging from 0.5% to 1.5% . The sentiment was just changes after Lehman collapse but for the Q1 figure of this CY, showing a totally different picturesque. All major banks including , J P Morgan, CitiGroup, Wells Fargo and Goldman Sachs comes in profit this quarter.  But on the uneventful situation, US second largest real estate player General Growth Properties files bankruptcy.


Citigroup posted $1.6 billion profit, beat estimates


General Electric net off 35%; Immelt sounds upbeat


J P Morgan posted USD 2.4 billion profit, above estimates


Goldman Sachs Raises $5 Billion to Repay TARP Funds


 


In the next articles get views about market and weekly calls for the week starting 20-04-2009





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Invitation to connect on LinkedIn

By Abhishek on 2:30 PM

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