Author: shyam

Weekly Recap

NIFTY 50.2012-05-21.2012-05-25

The NIFTY ended on a positive note, drifting up +1.39% for the week.

Biggest losers were SESAGOA (-6.45%), MARUTI (-4.08%) and STER (-4.01%).
And the biggest winners were RANBAXY (+8.95%), RELINFRA (+6.11%) and GAIL (+6.09%).

Advancers lead decliners 29 vs 20
Gold: +0.01%, Infrastructure: -3.93%, Banks: +1.71%.
Daily news summaries are here.

Between Europe blowing up, US economy weakening, China showing cracks and India stagflating the markets have a lot to absorb. Does this mean that the global liquidity tap gets turned on once again: China easing, LTRO part deux, QE3? We live in interesting times…

Weekly Recap

NIFTY 50.2012-05-07.2012-05-11

It was a week marred by JP Morgan’s $2 billion trading loss, Spain’s Bank bailout, anti-austerity victories in Greece and France and weak IIP numbers.

The NIFTY ended on a bearish note, melting down -1.75% for the week.

Biggest losers were JPASSOCIAT (-7.23%), PNB (-6.66%) and TATAPOWER (-6.54%).
And the biggest winners were IDFC (+7.90%), BPCL (+6.83%) and BHEL (+4.79%).
Decliners eclipsed advancers 36 vs 13
Gold: -2.83%, Infrastructure: -0.90%, Banks: -4.03%.
Daily news summaries are here.

 

Weekly Recap

NIFTY 50.2012-04-30.2012-05-04

The NIFTY ended on a negative tone, drifting down -0.67% for the week.
Biggest losers were AXISBANK (-9.87%), HEROMOTOCO (-9.44%) and BANKBARODA (-8.77%).
And the biggest winners were TCS (+6.05%), CIPLA (+4.86%) and HINDUNILVR (+4.13%).
Decliners eclipsed advancers 39 vs 10
Gold: -1.71%, Infrastructure: +6.76%, Banks: -0.47%.

Slowing growth in the US and Europe’s resurgent problems caused a massive selloff on Friday: NIFTY tanked 101 points (-1.96%) to 5,087. The bloodbath looked something like this:

Heat Map

Basically, the market has gone nowhere since the last couple of years:

NIFTYBEES technical analysis charts

Buy and Hold just became Buy and Hold forever.

Daily news summaries are here.

Weekly Recap

NIFTY 50.2012-04-23.2012-04-27

The NIFTY ended on a negative tone, drifting down -0.59% for the week.
Biggest losers were RCOM (-13.56%), RPOWER (-12.32%) and IDFC (-9.55%).
And the biggest winners were TCS (+10.06%), RELIANCE (+2.22%) and ICICIBANK (+1.28%).
Decliners eclipsed advancers 41 vs 8

If not for the stellar performance of TCS, the markets would have tanked much lower. Bad news from Europe continues to pour cold water over any resurgence and American growth seems to be faltering. This market is definitely not for the week hearted.

Gold: -0.76%, Infrastructure: -1.08%, Banks: -1.03%.
Daily news summaries are here.