Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.

Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Interesting week aheadů - Views on News from Equitymaster
  • E-MAIL
  • A  A  A
  • Feb 17, 2001

    Interesting week aheadů

    After rising for almost a month from January 15th to February 9th the markets have taken a downturn. Over this period the Sensex gained 360.4 points or 9%. This week the Sensex and the Nifty declined by 67 points and 24 points respectively.

    In the month of January the FIIs have been net investors for all the days except three. However, mutual funds have been net sellers year to date. For the week ended, FIIs invested Rs 8.6 bn while mutual funds were net sellers to the tune of Rs 4.8 bn. Despite this the markets fell, thus indicating that retail investors and momentum players could also have turned net sellers.

    There were some unexpected gainers this week with FMCG and Pharma attracting the attention of the markets. There was a shift to these defensive counters towards the end of last year as the threat of a recession loomed large. However, this time around anticipated benefits from the budget helped perk up the Pharma sector. MNC Pharma was particularly in the limelight, as it would stand to benefit more from dilution in the DPCO.

    HLL was a key gainer in the first half of the week as markets expected the company to deliver good results. The FMCG major more than obliged by beating expectations resulting in shoring up of sentiments towards the sector. Further, the counter witnessed a sharp rise on results day with profit booking entering on the very next. Industry heavyweight, Reliance, too has been gaining ground over the last three months and has overtaken Infosys in market capitalization. Interest in the stock has been rising since announcement of their second quarter results. This could be due to the impressive performance for the first nine months despite the difficult industry scenario. The petrochemical cycle too is expected to turn around by end of the year. Further the sale of 8% stake in RPL would result in increased cash flows by an estimated Rs 29 bn. The scrip could also have benefited as market participants shifted to the old economy as tech continued to melt.

    Going ahead, for the markets to pick up steam the new economy might also have to start contributing. Further, FIIs should continue with their investment flows and the entry of mutual funds could result in additional fillip to the stock market. Monday, however, could see mixed trends as NASDAQ plummeted 5% or 128 points. Positive news for the market was the 50 basis rate cut announced by the RBI. Consequently, bond prices could see a rally at the start of the week. The reduced rate will help cut down the interest burden of corporates, however, it will be sometime before the effect are seen on the bottomline.



    Equitymaster requests your view! Post a comment on "Interesting week aheadů". Click here!


    More Views on News

    How to Ride Alongside India's Best Fund Managers (The 5 Minute Wrapup)

    Jun 10, 2017

    Forty Indian investing gurus, as worthy of imitation as the legendary Peter Lynch, can help you get rich in the stock market.

    You've Heard of Timeless Books... Ever Heard of Timeless Stocks? (The 5 Minute Wrapup)

    Aug 19, 2017

    Ever heard of Lindy Effect? Find out how you can use it to pick timeless stocks.

    Why NOW Is the WORST Time for Index Investing (The 5 Minute Wrapup)

    Aug 18, 2017

    Buying the index now will hardly help make money in stocks even in ten years.

    Trump Takes a Beating (Vivek Kaul's Diary)

    Aug 18, 2017

    Donald J Trump, a wrasslin' fan, took a 'Holy Sh*t!' blow on Tuesday.

    How To Read Your Mutual Fund Account Statement Correctly (Outside View)

    Aug 17, 2017

    PersonalFN simplifies the mutual fund account statement for you.

    More Views on News

    Most Popular

    Demonetisation Barely Made Any Difference to Tax Collections(Vivek Kaul's Diary)

    Aug 7, 2017

    The data tells us quite a different story from the one the government is trying to project.

    A 'Backdoor' to Multibaggers: It's Like Investing in Asian Paints Ten Years Ago(The 5 Minute Wrapup)

    Aug 10, 2017

    Don't miss these proxy bets on growing companies or in a few years you will be looking back with regret.

    Should You Invest In Bharat-22 ETF? Know Here...(Outside View)

    Aug 8, 2017

    Bharat-22 is one of the most diverse ETFs offered so far by the Government. Know here if you should invest...

    Signs of Life in the India VIX(Daily Profit Hunter)

    Aug 12, 2017

    The India VIX is up 36% in the last week. Fear has gone up but is still low by historical standards.

    7 Financial Gifts For Your Sister This Raksha Bandhan(Outside View)

    Aug 7, 2017

    Raksha Bandhan signifies the brother-sister bond. Here are 7 thoughtful financial gifts for sisters...

    Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
    Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

    LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

    SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

    Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
    Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407

    Become A Smarter Investor In
    Just 5 Minutes

    Multibagger Stocks Guide 2017
    Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
    We will never sell or rent your email id.
    Please read our Terms


    Aug 18, 2017 (Close)