DALAL STREET face
INDIAN BENCHMARK registered their biggest weekly fall in seven years on disappointing
earnings and weak global markets that sentiment. The Sensex and Nifty fell 6.62%-6.79% each
for the week ended February 12, 2016.
GLOBAL MARKET chase
ASIAN STOCKS sank with markets in Japan succumbing to their worst weekly loss since the
global financial crisis after shedding nearly 5 per cent on Friday as traders shunned risky assets
as the yen rose, eroding the prospects for exporter stocks.
U.S. STOCKS index futures poised for a higher opening at the Wall Street on Friday.
EUROPEAN STOCKS rebounded strongly from the previous session's steep losses on Friday,
with positive results from Commerz bank and a rally in oil prices helping banks and
commodity-related stocks to regain ground
Week ahead
In the coming week, macroeconomic data, trend in global markets, investment by foreign
portfolio investors (FPIs) and domestic institutional investors (DIIs), the movement of rupee
against the dollar and crude oil price movement will dictate trend on the bourses in the near
term. Shares of public sector oil marketing companies (PSU OMCs) will be in focus as a
regular fuel price review is due during the middle of the month. PSU OMCs review fuel prices
twice a month based on the trend in international oil market and currency movement. The first
review takes place during the middle of the month and the last review at the month-end.
Shares of Bank of Baroda, Jindal Steel & Power (JSPL), Jaiprakash Associates, Housing
Development & Infrastructure and UCO Bank will on Monday, 15 February 2016, react to their
Q3 December 2015 earnings scheduled to be released on February 13, 2016.The stock market
will on February 15, 2016, react to data on consumer price inflation (CPI) for January 2016 and
industrial production data (IIP) for the month of December 2015.
The Budget session of parliament will begin on February 23, 2016 and will continue till May
13, 2016 with recess from March 17, 2016 to April 24, 2016. The presentation of Railway
Budget will be on February 25, 2016, to be followed by the finance ministry's Economic
Survey on February 26, 2016.
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