{LONGTERMINVESTORS} Weekly Market Report: Big Week for Bulls: Frontliners ahead of Midcaps

Sharekhan's weekly newsletter Visit us at www.sharekhan.com September 03, 2016  Market Commentary  Big Week for Bulls: Frontliners ahead of Midcaps Indian shares were cheerful throughout the week after the sentiments got boost from corporate earnings and global cues. The Sensex and Nifty rose 2.69%-2.76% each for the week ended September 02, 2016. Major Headlines for the week: Datapanti! Ambani's 45 min speech costs Airtel, Vodafone 13000 cr mkt cap Infosys Analyst Meet 2016: Key Highlights India Nikkei August Mfg PMI highest in 13 months Core sector growth slows in July to 3.2% Reliance AGM: 4G services, the new buzz on Street April-July fiscal deficit comes in at Rs 3.9 lakh cr April-June GDP Data: Q1FY17 GDP At 7.1% Vs 7.9% (QoQ) Indian indices: Welcome to the 'Weekly Market Wrap' for Friday, September 02, 2016 where the key Indian equities registered strong gains in the week ended Friday, 2 September 2016. The barometer index, the S&P BSE Sensex reclaimed the psychologically important 28,000 level after settling below that level in the preceding week. The Sensex registered gains in four trading sessions and closed with small losses in the remaining trading session. Lion's portion of the gains during the week materialized in Tuesday's (30 August 2016) trading session helped by positive global cues.  The BSE Mid-Cap index rose 1.77%. The BSE Small-Cap index advanced 1.25%. Both these indices underperformed the Sensex.  The Sensex jumped 749.86 points or 2.69% to settle at 28,532.11. The Nifty 50 index rose 237.10 points or 2.76% to settle at 8,809.65. Weekly market trend from August 29 - September 02, 2016: August 29 - Auto, metal stocks and index heavyweight Reliance Industries led modest gains for key benchmark indices in a volatile trading session on Monday, 29 August 2016. The Sensex rose 120.41 points or 0.43% to settle at 27,902.66, its highest closing level since 24 August 2016.  August 30 - Auto, IT and banking stocks and index heavyweights HDFC and ITC led strong gains for key benchmark indices on Tuesday, 30 August 2016. The Sensex jumped 440.35 points or 1.58% to settle at 28,343.01, its highest closing level since 23 July 2015.  August 31 - Key benchmark indices edged higher on last trading day of the month on Wednesday, 31 August 2016, as sentiment was boosted after the Union Cabinet on 31 August 2016 gave ex-post-facto approval for the foreign direct investment (FDI) policy amendments announced by the Government in June this year. The Sensex rose 109.16 points or 0.39% to settle at 28,452.17, its highest closing level since 22 July 2015.  September 01 - Key benchmark indices registered small losses in a lackluster trading session on Thursday, 1 September 2016. The Sensex lost 28.69 points or 0.1% to settle at 28,423.48, its lowest closing level since 30 August 2016.  September 02 - Auto stocks led modest gains for key benchmark indices on the last trading session of the week on Friday, 2 September 2016. The Sensex rose 108.63 points or 0.38% to settle at 28,532.11, its highest closing level since 16 April 2015. .  Global indices: Global indices ended mostly higher this week where Dow Jones fell 0.16% and Shanghai Comp slipped 0.10% whereas Nikkei rose 3.45%, CAC40 gained 2.26%, Hang Seng rose 1.56% and DAX100 rose 0.91%. Sectoral and stock screening: The 13 sectors too ended mainly on a positive note with S&P BSE Auto up 5.06%, S&P BSE Bankex rose 3.63% and S&P BSE CG gained 2.91%. Top losers: S&P BSE Realty down 1.73% and S&P BSE TECk slipped 0.42%.

Looking at the 'A' group stocks, the top three gainers of the week were: HCC up 51.60%, Punj Lloyd up 22.78% and JK Tyre & Industries up 18.69%.   Top three losers of the week were: Den Networks down 12.68%, Kaveri Seed Company down 12.35% and Idea Cellular fell 10.54%. FII/MF activity: The foreign institutional investors (FIIs) have been the net buyers of the Indian stocks to the tune of Rs1487.44 crore and the domestic investors also bought Indian shares worth Rs1890.60 crore as on September 01, 2016.

TOP MOVERS (GROUP A)  Company Price (Rs) % chg Gainers HCC 35.55 51.60 Punj Lloyd 25.60 22.78 JK Tyre & Industries 145.45 18.69 Losers Den Networks 74.70 -12.68 Kaveri Seed Company 327.20 -12.35 Idea Cellular 84.05 -10.54  FII/MF ACTIVITIES Rs (cr) FII* MF* Gross purchase 26,474.34 6,727.60 Gross sale 24,986.90 4,837.00 Net investment 1,487.44 -1,890.60 *Data as on September 01, 2016

Market Outlook for the coming week!  In the coming Week, the outcome of the monthly survey on India's services sector, trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), the movement of rupee against the dollar and crude oil price movement will dictate market trend in the truncated trading week ahead. India's stock market remains closed on Monday, 5 September 2016 on account of Ganesh Chaturthi.  Indian equities will on Tuesday, 6 September 2016, react to cues from its global peers in Monday's (5 September 2016) trading. Global stock markets will on Monday react to the outcome of the crucial US nonfarm-payroll data for August 2016 due to release on Friday, 2 September 2016. Among corporate news, state-run coal mining giant Coal India is scheduled to announce Q1 June 2016 results on Friday, 9 September 2016. Key stocks like Hindalco Industries, Grasim Industries, and Tata Power turn ex-dividend in the coming week.  The performance of the monsoon rains will be monitored. The India Meteorological Department (IMD) said that for the country as a whole, cumulative rainfall during this year's monsoon so far (till 1 September 2016) was 2% below the long period average (LPA).  On the macro front, the Nikkei India services purchasing managers' index (PMI) data for the month of August 2016 is due on Monday, 5 September 2016.  Among global cues, Caixin China services PMI data for August 2016 is due on Monday, 5 September 2016. China trade balance data for the last month is scheduled to release on Thursday, 8 September 2016. On the same day, the European Central Bank's (ECB) monetary policy statement and press conference is scheduled. Also, the US initial jobless claims for the week ended 2 September 2016 is due on the same day.

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