Next week is again very important with key events for our markets.The IIP data will be announced on December 12, followed by November monthly inflation on December 14 and RBI monetary policy review on December 16.
The IIP data for October will be out on Monday. The number is likely to be a pretty dismal one with one national daily actually reporting a 7% contraction.
Latest inflation report will be released on Dec. 14 and the RBI will take up its review on Dec. 16. A pause is what the RBI had predicted at its previous meeting. But, one has to see what stance the central bank takes as the rupee's depreciation has made things worse with cost of imports shooting up sharply.
Global factors will also remain in focus. Investors will closely analyze and examine the EU Summit outcome to gauge if the debt-strapped eurozone can finally fix its long-running problems. Any news on rating downgrade(s) may dampen the mood.
Though valuations of Indian equities may appear reasonable, most investors are not willing to take the bait just yet. The near-term outlook will hinge on political developments and overseas markets. Also watch out for the advance tax numbers, trend in FII flows and the rupee.
Benchmark Indices | |||
| Index | 2-Dec-11 | 9-Dec-11 | % Change |
| Sensex | 16846.83 | 16213.46 | -3.76 |
| Nifty | 5050.15 | 4866.7 | -3.63 |
| Hang Seng | 19040.39 | 18586.23 | -2.39 |
| Nikkei | 8643.75 | 8536.46 | -1.24 |
| Shanghai | 2360.66 | 2315.27 | -1.92 |
| Dow Jones* | 12020.03 | 11997.7 | -0.19 |
| S&P 500* | 1244.58 | 1234.35 | -0.82 |
| NASDAQ* | 2626.2 | 2596.38 | -1.14 |
| Bovespa* | 58143.4 | 57455 | -1.18 |
| FTSE* | 5568.46 | 5483.77 | -1.52 |
| DAX* | 6131.51 | 5874.44 | -4.19 |
| CAC* | 3181.68 | 3095.49 | -2.71 |
| *Closing till Thursday | |||
Currency Rate | |||
| Index | 2-Dec-11 | 9-Dec-11 | % Change |
| USD | 51.43 | 52.06 | 1.22 |
| EURO | 69.35 | 70.08 | 1.05 |
| GBP | 80.66 | 81.94 | 1.59 |
| JYP (per 100) | 66.05 | 67.15 | 1.67 |
Top Gainers | ||
| Scrip | CMP | % Change (WoW) |
| United Breweries | 460 | 15.43 |
| Indiabulls | 147.9 | 9.35 |
| Pipavav Ship | 67 | 5.91 |
| JP Hydro Pow | 38 | 4.68 |
| UTV Software | 981.1 | 3.46 |
| Piram.Health | 380.1 | 3.41 |
| Oil India | 1180.5 | 3.26 |
| Redington | 82 | 2.96 |
| MphasiS | 324 | 2.89 |
| UltraTechCem | 1204.45 | 2.57 |
Top Losers | ||
| Scrip | CMP | % Change (WoW) |
| IB Real Esta | 53.3 | -18.87 |
| Pantaloon | 181.65 | -15.08 |
| Renuka Sugar | 28.65 | -13.05 |
| GMR Infra | 18.75 | -11.76 |
| CESC | 230.05 | -11.62 |
| Idea | 86 | -10.93 |
| Dish TV | 61.1 | -10.48 |
| PFC | 162.55 | -9.79 |
| Alstom Proj | 358.15 | -9.39 |
| Jet Airways | 235.8 | -9.05 |
Key Global Indicators | |||
| Index | 2-Dec-11 | 9-Dec-11 | % Change |
| Gold | 28935 | 29158 | 0.77 |
| Silver | 55830 | 56550 | 1.29 |
| Crude Oil (Brent) | 109.2 | 108.1 | -1.01 |
| Crude Oil (Nymex) | 100.72 | 98.53 | -2.17 |
Corporate Happenings
Mon, 12th Dec
| Tue, 13th Dec | Wed, 14th Dec | Thu, 15th Dec | Fri, 16th Dec
| Sat, 17th Dec | Sun, 18th Dec |
| Weekly Technical Analysis of the Indian Stock & Share Market
Most Active Stocks The 20 most active stocks traded in terms of value of shares traded and their weekly % change.
The following list shows the stocks (over Rs.10/share) that had the biggest gains over last week. Gains are measured on a percentage basis. For example, a stock moving from 20 to 25 had a 5 point or 25% gain. Often stocks appearing on this list had some type of positive news (e.g., big earnings report, new product announcement, etc.).
Biggest Weekly % Losers The following list shows the stocks (over Rs.10/share) that had the biggest losses over last week. Losses are measured on a percentage basis. For example, a stock moving from 20 to 15 had a 5 point or 25% loss. Often stocks appearing on this list had some type of negative news (e.g., bad earnings report, lower analyst rating, product delay announcement, etc.).
The following stocks have been trending downward in the short and intermediate terms and have formed a bullish engulfing pattern. The probability of an upward reversal in prices has increased.
The following stocks have been trending upward in the short and intermediate terms and have formed a bearish engulfing pattern. The probability of a downward reversal in prices has increased.
The following list shows all stocks whose volumes surged by more than 100% this week compared to the previous week. Upward price movement on large volume change is a bullish (positive) sign for the stock if the stock has been flat or trending downward. Downward price movement on large volume change is a bearish (negative) sign for the stock if the stock has been flat or trending upward. Stocks are arranged in descending order of volume change.
Prices of stocks (and other entities) rise and fall due to changes in the supply and demand relationships between buyers and sellers of the stock. The causes of the changing supply and demand relationships are many, but the effect of these changes shows up in the changing stock prices.
Prices of stocks (and other entities) rise and fall due to changes in the supply and demand relationships between buyers and sellers of the stock. The causes of the changing supply and demand relationships are many, but the effect of these changes shows up in the changing stock prices.
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