WEEKLY EQUITY MARKET REPORT 18 MAY -23 MAY 2015

WeeklyfundamentalspeaksDALAL STREETface
INDIAN BENCHMARKS edged higher amid wild gyrations witnessed throughout the week as market sentiment was boosted on expectations of cut in policy rates by the Reserve Bank of India in its next monetary policy review scheduled on 2 June 2015, after the latest government data showed inflation based on consumer price index (CPI) eased to a four-month low in April.Further, HSBC downgraded Indian stocks to ' under weight' from ' overweight', citing slow in gearnings growth, little room for rate cuts and potential negative impact from an unusual weather due to El Nino.The INDIAN BENCHMARKS rose 218.61 points or 0.8% to settle at 27,324. The 50-unit CNX Nifty gained 70.85 points or 0.86% to settle at 8,262.35.
GLOBALMARKET chase
ASIAN STOCKS were uneven on Friday as the big markets in Japan and Hong Kong got a lift from the rebound on Wall Street, but weak data dragged Chinese shares lower.
U.S. STOCKS index futures poised for a higher opening at the Wall Street on Friday. 
EUROPEAN STOCKS advanced on Friday, as calmer conditions in the bond market buoyed the region's stock markets, while drugs group Roche rallied after positive product results.
Weekahead
In the coming week,the next batch of quarterly earnings of India Inc., 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. On global front, Markit Economics will announce on Thursday, 21 May 2015, a preliminary reading of HSBC PMI indices for China, US and Japan for May 2015, indicating health of respective region's manufacturing activity. Flash composite PMI indices for France, Germany and the euro zone for May 2015, will also be announced on that day.Investors will closely watch for any major announcements during Prime Minister Narendra Modi's ongoing three nation official visit to China, Mongolia and Republic of Korea.

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