INDIAN EQUITY WEEKLY REPORT 21 SEP 2015 - 26 SEP 2015

Weekly fundamental speaks DALAL STREET face 

INDIAN BENCHMARK indices gained in a truncated trading week as the recent data showing pick up in industrial production growth and easing inflation raised bets for a cut in interest rates by the Reserve Bank of India in upcoming policy meet later this month. The INDIAN BENCHMARKS Sensex gained 254.94 points higher to end at 26218.91 and the Nifty rose 82.75 points to close at 7981.90.

GLOBAL MARKET chase 

ASIAN STOCKS creaked to a higher close for the week after an early bout of currency market volatility following a decision by the U.S. Federal Reserve to keep rates unchanged. U.S. STOCKS index futures poised for a lower opening at the Wall Street on Friday.

EUROPEAN STOCKS fell after the U.S. Federal Reserve kept interest rates unchanged, fuelling concerns over the global economy and leaving investors guessing about when a policy tightening will start.

Week ahead 

In the coming week, the 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. The market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month September 2015 series to October 2015 series. The near month September 2015 derivatives contracts expire on Thursday, 24 September 2015. Among global news, Federal Reserve Chairwoman Janet Yellen will speak at the University of Massachusetts, Amherst on Thursday, 24 September 2015. The data on new home sales in US, measuring the number of newly constructed homes with a committed sale during August month will be out on 24 September 2015. Final second quarter US GDP data will be unveiled on Friday, 25 September 2015.

Happy week ahead!!!

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