Author: shyam

Weekly Recap

NIFTY 50.2012-05-28.2012-06-01

The NIFTY ended on a bearish note, melting down -1.69% for the week.
Biggest losers were TATAMOTORS (-17.05%), RELINFRA (-7.61%) and RANBAXY (-6.58%).
And the biggest winners were TATAPOWER (+4.31%), AMBUJACEM (+4.26%) and HINDALCO (+4.16%).

Decliners eclipsed advancers 32 vs 17
Gold: +0.25%, Infrastructure: +0.99%, Banks: -0.72%.

Macro news is decidedly bearish: global growth, from US to China, is slowing down, domestic car sales are weakening, commodity prices are taking a hit. It’s only a matter of time before Central Banks will respond with a new round of monetary easing. Expect the ECB to do something.

Daily news summaries are here.

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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…

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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.

 

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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.

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