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from India Insight:

Markets this week: BHEL, Sesa Sterlite top Sensex gainers

By Ankush Arora and Sankalp Phartiyal

India’s stock market closed the week on a record-breaking note as the Bharatiya Janata Party led by Narendra Modi swept the Lok Sabha election, handing the Congress party its worst ever result.

Surpassing 25,000 for the first time on the day of counting, the benchmark Sensex jumped 4.9 percent this week. The broader Nifty, which also scaled a fresh peak on Friday, rose 5 percent.

In 2014, overseas investors have so far invested 6.5 billion rupees in Indian equities, contributing to a 14 percent gain in the main stock indices.

After this week’s rally, Deutsche Bank raised its December 2014 target for the BSE Sensex to 28,000. Macquarie raised its 12-month target for the Nifty to 8,400 from 7,200.

from India Insight:

Markets this week: BHEL, TCS top Sensex losers

By Sankalp Phartiyal and Ankush Arora

The BSE Sensex ended down 0.7 percent in what was a slow week for Indian shares. The week began with the benchmark index sliding 1.5 percent on Monday as foreign institutional investors (FIIs) continued to sell as part of a slump in emerging markets.

Investor sentiment remained subdued despite a survey on Monday showing that Indian factories started 2014 on a high note, with manufacturing activity growing at its fastest pace in nearly a year as domestic and overseas orders increased.

from India Insight:

Markets this week: Sensex up 1.5 percent; BHEL, Infosys jump 5 percent

By Ankush Arora and Aditya Kalra

The BSE Sensex gained 1.5 percent this week, its first weekly gain in 2014, as easing headline inflation data raised hopes the Reserve Bank of India would keep interest rates unchanged at its Jan. 28 meet.

Headline inflation eased to a five-month low of 6.16 percent in December on lower prices of vegetables. This was the slowest pace of growth since July 2013 and below economists’ expectations of 7 percent.

from India Insight:

Markets this week: Sensex falls 1.3 percent, BHEL slumps nearly 10 percent

By Ankush Arora and Aditya Kalra

The BSE Sensex fell 1.3 percent in the week ending Dec. 13 after high retail inflation raised fears of a rate hike. Eight of 10 analysts in a poll on Friday said they expected the central bank to raise the repo rate by 25 basis points to try and tame stubbornly high inflation.

Before falling for four consecutive sessions from Tuesday, markets touched life highs on Monday. The BSE Sensex touched 21483.74 after sentiment on the street was boosted by the Bharatiya Janata Party’s win in three of five state elections.

from India Insight:

Markets this week: Sensex falls 2.6 percent, Jindal Steel slumps 9 percent

After rising for four consecutive weeks, the BSE Sensex fell 2.6 percent in the last five trading sessions, as a surprise repo rate hike by the Reserve Bank of India (RBI) on Sept. 20 dampened investor confidence and battered banking shares.

Rate-sensitive sectors were hurt -- the banking index and the realty index lost over 7 percent in the week. YES Bank fell 14.5 percent, SBI lost 6 percent while shares of DLF slumped 13 percent.

from India Insight:

Markets this week: Sensex gains 3.5 percent, ICICI surges 19 percent

The BSE Sensex rose 3.5 percent for the week ending September 6, as sentiment on Dalal Street was boosted after Raghuram Rajan took charge as the new governor of the Reserve Bank of India.

Rajan kicked off his term with a bang on Wednesday, announcing several measures to support the rupee and unveiling steps to liberalise financial markets and the banking sector. Hopes that the government might announce a one-time hike in diesel prices to cut its steep import bill also helped the stock market.

from India Insight:

Sensex loses 3.75 percent in action-packed month

The BSE Sensex lost 3.75 percent in August, its worst monthly performance since February, as worries over foreign outflows were exacerbated by the rupee that fell to record lows.

India's current account deficit and a struggling economy still worry market participants.  Data showed on Aug. 31 that June quarter GDP grew at 4.4 percent, below analysts' estimates.

from India Insight:

Bharti Airtel, NTPC top Sensex losers this week

By Sankalp Phartiyal and Ankush Arora

The BSE Sensex recovered on Thursday and Friday after the index lost around 700 points in the first three trading sessions of the week. However, the index still ended down 0.4 percent as a weak rupee, concerns over foreign flows and uncertainty over the end of the U.S. Fed’s stimulus plan kept investors on the edge.

As a worsening current account deficit and inflation loomed large, the rupee hit fresh record lows below 65 per dollar in the week ending Aug. 23. However, gold prices and bonds rallied.

from India Insight:

Markets this week: BHEL is top Sensex loser

By Ankush Arora and Sankalp Phartiyal

The BSE Sensex had been headed for a week of gains until upbeat U.S. jobs data triggered fears of a soon-to-start tapering of the Fed’s monetary stimulus, pulling the benchmark down by a percent for the week ending Aug. 16. The broader Nifty slumped 4 percent on Friday, marking its biggest daily drop in almost two years.

The rupee also fell to a new record low of 62.03 versus the dollar on Friday despite the Reserve Bank of India (RBI) and the government’s continued efforts to prop up the currency.
New measures by the RBI to restrict how much Indian citizens and companies can invest abroad raised fears of outright capital controls that could spook foreign investors, hurting the rupee further.

from India Insight:

Markets this week: BHEL, Sun Pharma top Sensex losers

By Ankush Arora and Sankalp Phartiyal

It was a tough week for Indian shares with the benchmark indexes bearing the brunt as the rupee tumbled to a fresh all-time low of 61.80 versus the dollar on Tuesday. Fears of the U.S. Federal Reserve tapering its stimulus also weighed on street sentiment. The BSE Sensex and the Nifty ended down around 2 percent each during the week.

The day the rupee breached its latest record low, India appointed former IMF chief economist Raghuram Rajan as the next Reserve Bank of India (RBI) governor.

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