The
Indian stocks ended marginally lower for third straight week led by
profit booking ahead of Budget 2013. The Sensex was down by 0.08% and
the Nifty fell 0.27% for the week ended February 15, 2013.
Major Headlines for the week:
- December IIP at -0.6% v/s -0.8% (revised) in Nov 2012
- January CPI accelerates to 10.79%
- Exports up 0.8%, imports rise 6% in Jan
- Inflation for January at 6.62% vs 7.18% in December
- Domestic car sales decline 12.45%, bike sales up 7.45% in Jan
- SBI posts 8% rise in consolidated Q3 net profit (YoY) Indian indices:
The Indian equities remained unpredictable throughout the week, the Sensex slipped 0.08% and Nifty was down by 0.27% in the 7th trading week of 2013. Profit booking was witnessed throughout the week, which kept the sentiments bearish. Investors booked profits across the board shrugging off positive cues like ease in inflation numbers and declined for the third consecutive week. The Indian markets ended the week marginally lower reflecting the negative sentiments; markets fell in three out of the five trading sessions of the week.
Adding further, the global credit rating agency Moody's Investor Service warned that India's expanding current account deficit and external debt will make the country more vulnerable to international financial volatility and have negative implications for its sovereign credit profile.
The BSE Sensex declined 16.62 points or 0.08% to settle at 19,468.15 while NSE Nifty dropped 16.10 points or 0.27% to settle at 5,887.40 in the week ended February 15, 2013.
Weekly market trend from February 11 - February 15, 2013 - Indian shares marked their longest losing streak since May 2011 on February 11, 2013 for an eighth consecutive session as ONGC retreated ahead of its quarterly results, while financial stocks fell on concerns about slowing economic growth at a time of sticky inflation. Domestic passenger car sales declined by 12.45% to 1,73,420 units in January this year compared to 1,98,079 units in the same month of 2012. The Sensex closed at 19460.57, down by 24.20 points and the Nifty fell by 5.65 points to settle at 5897.85 in trade today.
- On February 12, 2013 the markets ended a volatile trading day in the green zone after losing for eight consecutive sessions, ignoring weak December IIP data, backed by gains in oil and gas stocks. India's industrial production fell to an unexpected -0.6% in December from a year earlier weighed down by manufacturing, government data showed on Tuesday (February 12, 2013). Also, India's annual consumer price inflation accelerated to 10.79% in January from the previous month, government data showed. The Sensex rose 100.47 points to close at 19561.04, while the Nifty advanced 24.65 points higher to settle at 5922.50.
- The Indian stocks gained for second straight session on February 13, 2013 and shut shop in the green terrain. India's exports rose an annual 0.8% in January and imports for the month rose 6%, leaving a trade deficit of $20 billion. The Sensex rose 47.04 points to close at 19608.08, while the Nifty advanced 10.45 points higher to settle at 5932.95.
- On February 14, 2013 the key indices ended lower, shrugging off better-than-expected Jan WPI, amid profit booking in auto, financials and telecom stocks. The headline inflation rate moderated to its lowest level in more than three years at 6.62% in January, helped by a slower rise in fuel and manufactured goods prices. Key benchmarks edged lower after State Bank of India, country's biggest lender, posted weaker-than-expected third quarter net profit and rise in bad loans exacerbating growth concerns The Sensex closed at 19497.18, down by 110.90 points and the Nifty fell by 36 points to settle at 5896.95 in trade today.
- The Indian markets closed in the red zone on February 15, 2013 as the equities traded on a subdued note led by selling pressure across the board. Benchmark share indices witnessed
another weak trading session amid volatility in Oil&Gas and IT shares. The broader markets ended mixed. The Sensex closed at 19468.15, down by 29.03 points and the Nifty fell 9.55 points to settle at 5887.40 in trade today.
Global indices:
All the global markets closed the week mixed. Top Losers: DAX100 was down by 0.77%, Dow Jones fell 0.08% and Nasdaq slipped 0.06%. Top Gainers: FTSE100 up by 1.03%, Hang Seng rose 0.99%,
Nikkei up by 0.19%.
Sectoral and stock screening:Among the 13 sectoral indices, top gainers- BSE PSU up by 0.34%, BSE HC rose 0.32%, BSE Bankex up by 0.31%. Top losers: BSE Realty fell by 5.39%, BSE CG slipped 3.98% and BSE Power was down by 2.79%.
FII/MF activity:
The foreign institutional investors (FIIs) were the net buyers of the Indian stocks worth a net of Rs2320 crore during the week till February 14, 2013; the domestic investors were also the net buyers of Indian stocks to the tune of Rs18.7 crore during the week till February 14, 2013.
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