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Friday, 26 February 2016

INDIAN EQUITY MARKET WEEKLY REPORT 22 FEB 2016- 27 FEB 2016

DALAL STREET face 
INDIAN BENCHMARK registered decent gains after three losing Weeks on improved sentiments in global markets. The Sensex and Nifty rose 3.15%-3.29% each for the week ended February 19, 2016.

GLOBAL MARKET chase 
ASIAN STOCKS peers closed lower today on continued concerns about global economic slowdown. U.S. STOCKS index futures poised for a higher opening at the Wall Street on Friday. 
EUROPEAN STOCKS steadied on Friday at the end of a strong week with a bounce in banking stocks and some solid earnings updates underpinning the market.

Week ahead 
In the coming week, Indian stocks may remain volatile next week as traders roll over positions in the futures & options (F&O) segment from the near month February 2016 series to March 2016 series. The February 2016 derivatives contracts are set to expire on Thursday, 25 February 2016. The two key events lined up during the week are Railway Budget for 2016-17 on Thursday, 25 February 2016, and Economic Survey for 2015-16 on Friday, 26 February 2016. Stocks of companies from steel, cement, coal, iron ore and fertilizer sector will be in focus as Railway Minister Suresh Prabhu presents Railway Budget for 2016-17 in the Lok Sabha on 25 February 2016.Substantial movement for these commodities takes places through the Railways and it remains to be seen if the Rail Minister announces changes in freight rates in the Rail Budget. According to reports, the Railway Minister will unveil a plan in the Rail Budget to cut expenses of the Railways and at the same time increase non-tariff revenue substantially. The Finance Ministry will present Economic Survey for 2015-16 in parliament on 26 February 2016.The annual document reviews the developments in the Indian economy over the previous 12 months, summarizes the performance on major development programmes, highlights the policy initiatives of the government and the prospects of the economy in the short to medium term. 
Happy week ahead........!!!! 
                                                    





1 comments:

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