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Weekly Market Review – for week ended Jan 11, 2019
Index Ratios (P/E)
11-Jan-19 04-Jan-19
Nifty 26.00 25.84
Sensex 23.57 23.43
Economic Statistics ($ in billion)
04-Jan-19 28-Dec-18 %Change
Forex Reserve
396.08 393.40 0.68%
BSE Sensex
Market Overview
Indian Stock Market started the week on optimistic note on report that revenue
from Direct Taxes grew by 13.6% to Rs.7.43 lakh crore in first 9 months of the
FY19. Further, the FICCI’s president Sandip Somany said that, the agricultural
reforms, interest rate cut and credit availability to MSME will drive India’s
economic growth rate to 7.5-7.6% in 2019-20. Market extended the north way
journey for two more days after CSO in its First Advance Estimates of
National income, 2018-19, showed that India’s economic growth is expected to
grow at 7.2% in FY19 from 6.7% in FY18 mainly on the back of improved
agriculture and manufacturing sector. The recovery in US market also
contributed to positive sentiments. However, the traders booked some of the
profit in last two sessions of the week on rise in crude oil and depreciation in
value of Rupee and the major indices saw consolidation. India’s IIP has
declined to 0.5% in Nov 2018 against 8.4% in Oct 2018 and 8.5% in Nov
2017, which is 17 month low mainly due to a de-growth in manufacturing
output.
The Sensex and Nifty closed the week with gain of 315 points 0.88% and 68
points 0.63% ;
Mid and Small Cap indices closed with the smother gain of 0.19% and 0.05%,
respectively.
FIIs were the net sellers whereas; DIIs were the net buyer during the week.
Sector Wise Movement
BSE Fast Moving Consumer Goods (up by 248.01 points or 2.12%), BSE
Consumer Durables (up by 352.82 points or 1.72%), BSE Healthcare (up by
196.30 points or 1.42%), BSE BANKEX (up by 362.87 points or 1.19%) and
BSE Information Technology (up by 153.42 points or 1.10%) were the top
gainers, while BSE Oil & Gas (down by 324.06 points or 2.40%), BSE Metal
(down by 106.81 points or 0.95%), BSE Capital Goods (down by 149.98 points
or 0.82%) and BSE PSU (down by 55.55 points or 0.77%) were the top losers.
Outlook for Coming week
Traders will also react to the inflation rate and wholesale price inflation data
for the month of Dec which is scheduled to release on 14th
Jan. Steel sector
stocks will be in action, as India may hold informal talks with nine countries,
including Saudi Arabia and China, to expand bilateral flying foreign rights
during the Global Aviation Summit, the meeting could take place on January
14. Meanwhile, Reserve Bank of India's (RBI) governor Shaktikanta Das
meeting with Officials from the Indian Banks' Association (IBA) on January 17
to discuss issues concerning the banking sector
We have entered into the results season of Q3FY19, below is the list of
companies who are scheduled to declare results.
The market is expected to consolidate. Traders are, therefore, advised to
invest in fundamentally good companies on decline.
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Q3 FY 19 Result Calendar
Security Code Security Name Company name Result Date
507488 GMBREW G.M.BREWERIES LTD.
03-Jan-19
532904 SUPREMEINF SUPREME INFRASTRUCTURE INDIA LTD.
539398 VISHALBL Vishal Bearings Ltd
539686 KPEL K.P. Energy Ltd 05-Jan-19 539798 UMIYA Umiya Tubes Ltd
531247 ALPHA ALPHA HI-TECH FUEL LTD.
08-Jan-19
531530 BETALA BETALA GLOBAL SECURITIES LTD.
500408 TATAELXSI TATA ELXSI LTD.
541153 BANDHANBNK Bandhan Bank Ltd 10-Jan-19 504961 TATAYODOGA TAYO ROLLS LTD.-$
506597 AMAL AMAL LTD. 11-Jan-19 500209 INFY INFOSYS LTD.
532209 J&KBANK JAMMU & KASHMIR BANK LTD. 12-Jan-19
533217 HMVL HINDUSTAN MEDIA VENTURES LTD. 15-Jan-19 521064 TRIDENT TRIDENT LTD.
532662 HTMEDIA HT MEDIA LTD. 16-Jan-19
532628 3IINFOTECH 3I INFOTECH LTD. 18-Jan-19 540716 ICICIGI ICICI Lombard General Insurance Company Ltd
500180 HDFCBANK HDFC Bank Ltd 19-Jan-19
520119 ASAL AUTOMOTIVE STAMPINGS & ASSEMBLIES LTD. 21-Jan-19
539174 HELPAGE Helpage Finlease Ltd 22-Jan-19 532343 TVSMOTOR TVS MOTOR COMPANY LTD.
532504 NAVINFLUOR Navin Fluorine International Limited-$ 23-Jan-19
500830 COLPAL COLGATE-PALMOLIVE (INDIA) LTD. 24-Jan-19 526299 MPHASIS MPHASIS LTD.
500241 KIRLOSBROS KIRLOSKAR BROTHERS LTD.-$
25-Jan-19
532720 M&MFIN MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD.
520056 SUNCLAYLTD SUNDARAM-CLAYTON LTD.
532313 MAHLIFE MAHINDRA LIFESPACE DEVELOPERS LTD. 28-Jan-19 500266 MAHSCOOTER MAHARASHTRA SCOOTERS LTD.
532215 AXISBANK AXIS BANK LTD.
29-Jan-19
532978 BAJAJFINSV BAJAJ FINSERV LTD.
500034 BAJFINANCE Bajaj Finance Limited
533228 BHARATFIN Bharat Financial Inclusion Ltd
532977 BAJAJ-AUTO BAJAJ AUTO LTD.
30-Jan-19
500490 BAJAJHLDNG BAJAJ HOLDINGS & INVESTMENT LTD.
500840 EIHOTEL EIH LTD.
532129 HEXAWARE HEXAWARE TECHNOLOGIES LTD.
524038 VENLONENT VENLON ENTERPRISES LTD. 31-Jan-19
541163 SANDHAR Sandhar Technologies Ltd 02-Feb-19
535755 ABFRL Aditya Birla Fashion and Retail Ltd 04-Feb-19
517271 HBLPOWER HBL POWER SYSTEMS LTD.-$ 11-Feb-19
532391 OPTOCIRCUI OPTO CIRCUITS (INDIA) LTD. 12-Feb-19
532756 MAHINDCIE Mahindra CIE Automotive Limited 20-Feb-19
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These views expressed in this report are personal views of the analysts. Satco Capital Market Ltd. shall not be responsible for
any loss arising from the use thereof. Also, SATCO does not have any investment exposure to any of the stocks covered in this
newsletter.
Disclaimer: This document has been prepared by SATCO Capital Market Ltd., a registered broker dealer, and is
being distributed to its clients. The information in the document has been compiled by the research department. Due
care has been taken in preparing the above document. However, this document is not, and should not be construed, as
an offer to sell or solicitation to buy any securities. Any act of buying, selling or otherwise dealing in any securities
referred to in this document shall be at investor’s sole risk and responsibility. This document may not be reproduced,
distributed or published, in whole or in part, without prior permission from the Company. @ Satco Capital Markets
Ltd.