WEEKLY EQUITY MARKET REPORT -20th APRIL -25th APRIL 2015

 
DALAL STREETface
INDIAN BENCHMARKS declined in a truncated trading week ended 17 April 2015, as worries mounted that Greece's debt troubles could trigger a nexit for the country from the Eurozone and possibly financial contagion.The recent rise in global crude oil prices also weighed on sentiment. The recent rise in global crude oilprices will raise concerns pertaining to India's fiscal deficit, current account deficit and fuel price inflation.Further,India's largest software services exporter Tata Consultancy Services posted a better than expected rise in net profit led by strong worldwide client spending and said it expected revenue growth in the year starting in April to top industry estimates.The INDIAN BENCHMARKS declined 437.28 points or 1.51% to settle at 28,442.10. The 50-unit CNX Nifty dropped 174.35 points or 1.98% to settle at 8,60 .
GLOBAL MARKET chase
ASIAN STOCKS edged away from fresh seven-year highs on Friday but was still on track to score weekly gains, while the dollar languished after lackluster US economic data made a near-term interest rate hike appear less likely.U.S. STOCKS index futures poised for a higher opening at the Wall Street on Friday.EUROPEAN STOCKS A pullback in bearings maker SKF and crop chemicals group Syngenta weighed on European equities on Friday, keeping a lid on the region's stock markets after a strong run sofar this year.
Weekahead
In the coming week, the next batch of quarterly earnings of India Inc, proceedings of second half of budget session, macroeconomic data, trend in global markets, investment by foreign portfolio investors (FPIs), the movement of rupee against the dollar and crude oil price movement will dictate trend on the bourses in the coming week.Developments during the second part of budget session of Parliament will be closely watched.The second part of the budget session will start after a month-long recess from 20 April 2015 to conclude on 8 May 2015.On global front, Market Economics will announce on Thursday, 23 April 2015, a preliminary reading of China's HSBC PMI index for April 2015, indicating health of China's manufacturing activity. Flash composite PMI indices for France, Germany and the euro zone for April 2015,will also be announced on that day. Markit flash US Manufacturing PMI index for April 2015 is also due on the same day.

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