WEEKLY EQUITY REPORT - 09 FEB TO 14 FEB 2015

DALAL STREET FACE

INDIAN BENCHMARKS settled below the psychological 29,000 level after gyrating above and below that level during the week. The sentiment was weak with the market logging declines on all the five trading sessions of the week.Further,RBI cuts banks' SLR by 50 bps to 21.5 pct of total deposits from fortnight starting Feb7.Structurally positive for banks though no immediate impact as banks continue to maintain surplus SLR due to weak credit growth The INDIAN BENCHMARKS index fell 247.91 points or 2.31% to settle at 10,490.68. The S&P BSE Small-Cap index fell 251.92 points or 2.22% to settle at 11,077.34.

GLOBAL MARKET CHASE

ASIAN STOCK edged higher and oil prices continued to rebound, but investors remainedwary ahead of the US nonfarm payrolls report for January later in the session. U.S. STOCKS futures poised for a higher opening at the Wall Street on Friday. EUROPEAN STOCKS with regional indexes pausing just below multi-year highs hit recently,as investors awaited the U.S. non-farm payrolls report for January due later in the session.

WEEK AHEAD

In the coming week,domestic and global macro economic data, outcome of Delhi Assembly elections, Q3 results of India Inc., 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 courses.
Domestic market will on Monday, 9 February 2015 react to the non farm payroll data for January 2015 released by the US government on Friday, 6 February 2015.Among macro economic data, the government will release index of industrial production (IIP)data for December 2014 on Thursday, 12 February 2015. On the same day, the government will release data for the annual rate of inflation based on the combined consumer price indices(CPI) for urban and rural India in January 2015.