INDIAN EQUITY MARKET WEEKLY REPORT 25 JAN 2016 - 30 JAN 2016

DALAL STREET face 

INDIAN BENCHMARK ended 2 percent higher on Friday, positing their biggest single-day percentage gain since October as hints of more stimulus measures from the European Central Bank lifted global markets, but still marked a third weekly fall. The Indian markets registered another weekly loss led by global setback and fall in Oil prices. The Sensex and Nifty fell 0.08%-0.21% each for the week ended January 22, 2016. 

GLOBAL MARKET chase

ASIAN STOCKS ended in green as traders cheered speculation of a central bank stimulus boost in Japan while the ECB also hinted at further monetary easing as soon as March. 

U.S. STOCKS index futures poised for a higher opening at the Wall Street on Friday. 

EUROPEAN STOCKS rose sharply on Friday, adding to gains made in the previous session on ECB stimulus hints, with bouncing commodities prices boosting energy and mining stocks.

Week ahead 

In the coming week, the two global events scheduled are monetary policy meetings of the Federal Open Market Committee (FOMC) and the Bank of Japan. Closer home, some prominent companies are scheduled to announce their third quarter results next week. Volatility may increase as traders roll over positions in the futures & options (F&O) segment from the near month January 2016 series to February 2016 series. The near month January 2016 derivatives contracts are set to expire on January 28, 2016. The companies are scheduled to announce their third quarter results next week. 

Precision Camshafts is one of the world's leading manufacturers of camshafts, a critical engine component in the passenger vehicle segment. The IPO is a combination of fresh issue of shares and offer for sale by promoters, a promoter group company and one of the directors. The proceeds of the fresh issue will be used for expansion. The company proposes to utilize Rs200 crore from the net proceeds of the IPO for establishment of a new machine shop for ductile iron camshafts at its existing export oriented unit (EOU) situated at Solapur in Maharashtra.

On the global front, the FOMC is widely expected to keep US interest rates unchanged after the conclusion of a two-day monetary policy meeting on 26-27 January 2016. A two day policy meeting of the Bank of Japan is scheduled on 28-29 January 2016.

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