WEEKLY EQUITY REPORT

MARKET OUTLOOK

The market was RANGE BOUND during the week. The Sensex was UP 28.24 points while the Nifty was DOWN 0.37 % during the week. Nifty was in the range of 10094-10345

The Dow Jones Industrial Average fell 90.38 points, or 0.39 percent, to 23,367.98, the S&P 500 lost 4.53 points, or 0.18 percent, to 2,581.11 and the Nasdaq Composite dropped 6.85 points, or 0.1 percent, to 6,786.44. The US dollar was lower on Friday along with Wall Street stocks as investors pulled back from technology stocks and were skeptical President Donald Trump’s Republican party would succeed in its efforts at overhauling US tax law. The dollar index fell 0.29 percent, with the euro up 0.22 percent to USD 1.1795. The S&P 500 fell as investors eyed the prospects for tax cuts and positioned themselves for the close of earnings season. US Treasury yields edged lower, in line with declines in US stock indexes and German 10-year bond yields, as risk appetite faded. The yield curve continued to flatten after strong US housing starts data for October. German 10-year bond yields were towards weekly fall in three weeks, with the safe-haven debt boosted by sales of risk assets and a fall in oil prices.

For the week, the Sensex was UP 28.24 points while the Nifty was DOWN 0.37 % during the week.

NEWS AFFECTING INDIAN MARKETS

Moody’s upgrades India’s government bond rating to Baa2 from Baa3; changes outlook to stable from positive

Indian finance minister says India is on track to grow more than 7% in 2018

Foreign exchange earnings from tourism up by Rs 2,254 crore in October

India raises import tax on edible oils: Government order.

MARKET PERFORMANCE

NIFTY GAINERS

COMPANY NAME	CURRENT	PREV. CLOSE(RS)	CHANG.(RS)	CHAG.(%)
HDFC	1702.20	1664.40	37.80	2.27
CIPLA	605.75	592.85	12.90	2.18
MARUTI	8337.00	8163.70	173.30	2.12
TATAMOTORS	421.70	413.45	8.25	2.00
ICICIBANK	324.55	318.95	5.60	1.76

NIFTY LOSERS

COMPANY NAME	CURRENT	PREV. CLOSE(RS)	CHANG.(RS)	CHAG.(%)
TECHM	484.00	499.90	-15.90	-3.18
INFY	965.50	988.40	-22.90	-2.32
BOSCHLTD	18962.00	19258.45	-296.45	-1.54
TCS	2708.20	2746.65	-38.45	-1.40
HCLTECH	840.20	851.90	-11.70	-1.37

NSE WEEKLY GAINERS 

   

COMPANY NAME	DAY'S CLOSING PRICE (RS.)	PREVCLOSE	5 DAYS AGO (RS.)	5 DAYS RETURN (%)
REPCO HOME FIN	1974.85	592.80	1382.05	233.14
SHREE PUSHKAR CHEMICALS & FERTILISERS LTD.	620.00	258.15	361.85	140.17
GUJARAT PIPAVAV	249.35	133.60	115.75	86.64
L&T FIN HOLDING	272.80	181.85	90.95	50.01
STORE ONE RETAIL	344.20	234.65	109.55	46.69

 DOMESTIC MARKETS

INDEX	PREV CLOSE	CURRENT CLOSE	NET CHANGE	% CHANGE
SENSEX	33314.56	33342.80	28.24	0.08
NIFTY	10321.75	10283.60	-38.15	-0.37
NIFTY BANK	25498.95	25728.40	229.45	0.90

     

WEEKLY CHARTS

S&P NIFTY WEEKLY

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WEEKLY EQUITY REPORT BY MARKET MAGNIFY

MARKET OUTLOOK

The market was BULLISH during the week. The Sensex was UP 528.34 points while the Nifty was UP 1.25 % during the week. Nifty was in the range of 10324-10462

The S&P 500 and Dow industrials recorded their eighth consecutive weeks of gains which gained 7.99 points, or 0.31 percent, to 2,587.84 and 22.93 points, or 0.1 percent, to 23,539.19 respectively, while the Nasdaq posted its sixth straight up week with rise of 49.49 points, or 0.74 percent, to 6,764.44, as equities have climbed to record highs. A surge of 2.6% in shares of Apple with newly launched iPhone & a better-than-expected sales forecast for the holiday shopping season, took Wall Street indexes up. In other corporate news, Qualcomm shares surged 12.7 percent after reports that Broadcom is exploring a deal to buy the smartphone chip maker. Broadcom shares rose 5.4 percent. Aetna shares rose 2.7 percent after Reuters reported U.S. pharmacy operator CVS Health and the health insurer are working on finalising merger terms and announcing a deal as early as December. Wall Street indexes rose in a week on a series of important events, like the nomination of a new Fed chair and unveiling of a tax-cut bill from U.S. President Donald Trump's fellow Republicans. However, US labor market report showed a mix. US job growth accelerated in October after hurricane-related disruptions, the Labor Department said. But wages grew at their slowest annual pace in more than 1-1/2 years in a sign that inflation probably will continue to undershoot the Federal Reserve's 2% target.

For the week, the Sensex was UP 528.34 points while the Nifty was UP 1.25 % during the week.

NEWS AFFECTING INDIAN MARKETS

• FDI into India touches $114.4 billion in 2015-17: Report 

• India services activity rises in October on higher demand 

• Ease of business ranking improvement to help investments in India: Executives 

• Govt fixes Sovereign Gold Bond rate at Rs 2,934/gram

MARKET PERFORMANCE 

NSE WEEKLY GAINERS 

COMPANY NAME	DAY'S CLOSING PRICE (RS.)	PREVCLOSE	5 DAYS AGO (RS.)	5 DAYS RETURN (%)
SUJANA TOWERS	6.65	3.85	2.80	72.73
SITA SHREE FOOD	5.75	3.60	2.15	59.72
PTL ENTERPRISES	60.10	40.70	19.40	47.67
8K MILES SOFT	839.05	572.45	266.60	46.57
IL&FS ENGG CONST	53.75	38.10	15.65	41.08

         

DOMESTIC MARKETS

INDEX	PREV CLOSE	CURRENT CLOSE	NET CHANGE	% CHANGE
SENSEX	33157.22	33685.56	528.34	1.59
NIFTY	10323.05	10452.50	129.45	1.25
NIFTY BANK	24839.55	25650.70	811.15	3.27

WEEKLY CHARTS

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