Weekly market update

1. WEEKLY
September 28,
2019
COMNENTARY
MARKET

2. 1
Market advances on government measures
Indian equity benchmark index Nifty 50 closed higher by 1.79% during the week. During the week, Finance Minister
Nirmala Sitharaman stimulus package boosted investor sentiment with key indices Sensex and Nifty witnessing strong
gains outstanding a spell of sell-off due to weak global cues. The markets witnessed a stellar rally this week after the
Finance Minister Nirmala Sitharaman on Friday unveiled a bonanza for Indian companies as she slashed the tax rate for
corporates. The move has been dubbed as the biggest policy reform since 1991. India’s market capitalisation leapfrogged by
Rs.6.82 lakh crore, amid blockbuster gains in the stock market on Friday alone. Sitharaman proposed to slash corporate tax
for domestic and new local manufacturing companies. The effective rate will be 25.17%, including surcharges and cess. The
measures will be implemented through an ordinance. Technically, the index broke out of its downtrend by closing above
the 11180 level which was the lower high formed before the last lower low formed around 10640 levels. The current state of
bullishness in the index may continue to remain until the 11180 levels are holding strong. On the derivatives front, open
interest data suggests that the index may find its supports around 11000 followed by 10800 levels while on the higher side,
11300 and 11500 may act as strong resistance.
Macro economic data to dictate market trend
The index gained strength in the second half of thetrading session on Friday and ended marginally on a
positive note this week; drivenby hope of more steps from the government to boost growth. Nifty coveredits
previous day’s losses to close above 11050 and formed a bullish candle ondaily as well as on weekly charts,
indicating strength in the market.
Nifty Midcap and Small cap index witnessed Inverted Head & Shoulder breakout and the investors were
leaning towards mid caps and small caps stocks in a four session trading week.
Index Open High Low Close Volume Change%
Nifty 11,512.40 11,542.70 11,694.85 11,416.10 3.66B 2.11%
Sensex 38,014.62 37,204.56 38,378.02 35,987.80 158.59M 1.68%
WEEKLY MARKET
28-Sep-19

3. 2
Nifty settles above 11,500
Key indices logged steady gains in the week on
buying demand in index pivotals. The Nifty settled a
tad above the 11,500 mark. Shares of ITC, RIL and
L&T gained. Wipro, Infosys and Yes Bank dropped.
In the week ended on Friday, 27 September 2019, the
Sensex rose 807.95 points or 2.13% to settle at
38,822.57. The Nifty 50 index rose 238.20 points or
2.11% to settle at 11,512.40.
The BSE Mid-Cap index rose 145.92 points or 1.03%
to settle at 14,265.99. The BSE Small-Cap index rose
127.68 points or 0.97% to settle at 13,331.93.
Domestic shares gained on Monday, 23 September
2019, supported by government's move to slash
corporate tax rates for domestic companies. The
surprise decision by the government is seen boosting
corporate earnings significantly. The barometer
index, the S&P BSE Sensex, rose 1,075.41 points or
2.83%.
RBI policy outcome, macroeconomic data to
be watched
The outcome of the Reserve Bank of India's (RBI)
monetary policy meeting will be closely watched
in the holiday-shortened trading week ahead.
Domestic stock markets will remain closed on
Wednesday, 2 October 2019 on account of
Mahatma Gandhi Jayanti.
Besides, global cues, macroeconomic data,
movement of rupee against the dollar, Brent crude oil
price movement and investments by foreign portfolio
investors (FPI) and domestic institutional investors
(DII) will also be watched.
TOP GAINER
Company Name LTP() CHANGE(%) VOLUME
(0’000s)
IDBI Bank 33.6 4.85 4933687
B P C L 469.8 66 10949127
Siemens 1,509.05 181 937304
General Insuranc 215.9 25.5 1045956
Manappuram Fin. 143.45 15.7 10423776
TOP LOSERS
Company Name LTP() CHANGE(%) VOLUME
(0’000s)
HEG 1,026.00 -15.74 936212
Edelweiss.Fin. 105.6 -14.8 2265258
Indian Bank 133.5 -13.87 1042382
Indiabulls Vent. 154.8 -12.84 6877045
Yes Bank 48.75 -12.16 306867611
Most active (by Value)
Company Name LTP() CHANGE(%) VALUE
(0’000s)
Yes Bank
48.8 -4.41% 1,661.97cr
Reliance
1308.8 0.94% 1,197.29cr
SBI
281.25 -0.23% 1,120.46cr
Maruti Suzuki
6773.2 -1.27% 1,048.38cr
HDFC
2035.9 -1.37% 1,037.76cr
WEEKLY MARKET

4. 3
A/D Ratio – Negative
ADVANCE 650
DECLINE 1180
NO CHANGE 106
Technical Snapshot
PUT CALL
RATIO
0.20
PE MULTIPLE 26.79
Institutional net position for the week
FIIS CASH -3375.38
FIIS INDEX FUTURE 6352.75
FIIS STOCK FUTURE 18473.45
DII 11,986.12
Bulk Deal During The Week
Name Client Name Action Date Price Quantity
CHEMTECH S & D SHARE & STOCK
PVT LTD
SELL 27-Sep-19 962 1,91,900
ARL AMRAPALI FINCAP PVT
LTD
SELL 27-Sep-19 31 1,56,000
ARIHANTINS ARUNKUMAR
DASHRATHBHAI
PRAJAPATI
SELL 27-Sep-19 7.45 88,000
WEEKLY MARKET

5. 4
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