Year 2012 winds up with gains of over 1% for Indian markets

The Indian markets wrapped the last week of the year 2012 in the green zone breaking the losing trend of last two-weeks. The Sensex rose 1.05% and the Nifty was up by 1.03% for the week ended Dec 28, 2012. Major Headlines: FDI in services sector rises 5% to $3.6 bln Advance tax rises by 7.5%, reflects impact of slowdown Diesel prices to be hiked by Rs10/litre over 10 months time ECBs dip by 11% in Apr-Nov 2012 at $19.92 bn CARE shares spurt on strong debut Indian Indices Welcome to the 'Weekly Market Wrap' for the week ended December 28, 2012. The Indian markets wrapped up the week ended December 28, 2012 in the green zone. The key indices were in consolidation mode and remained in a tight range throughout the week. After a negative trend for the past two-weeks, the markets witnessed lackluster trade and did not show any major movements. There were no great triggers to lift markets higher, which led the key indices to trade in a narrow range throughout this week. The market sentiments got boosted by data showing that foreign institutional investors (FIIs) remained buyers of Indian stocks during the week. In the week gone three new companies got listed: 1. Shares of Credit Analysis & Research (CARE) surged on its listing day on Wednesday, (December 26, 2012). 2. Shares of PC Jeweller listed with modest gains on its debut on Thursday, (December 27, 2012). 3. Shares of Bharti Infratel plunged on debut on Friday, (December 29, 2012). The markets gained in three out of four trading sessions in the truncated week gone by. The BSE Mid-Cap index advanced 1.36% while the BSE Small-Cap index gained 0.23%. The BSE Sensex rose 202.84 points or 1.05% to 19,444.84 while the NSE Nifty gained 60.65 points or 1.03% to 5,908.35 in the week. Weekly market trend from December 24 - December 28, 2012 1. The key benchmark indices opened the week on a positive note on December 24, 2012. The Indian markets closed trading session on a flat note. The traders booked profits ahead of Christmas holiday and expiry of December derivative contracts. The Sensex shut shop at 19255, up by 13 points while the Nifty rose 8 points to close at 5855. 2. On December 25, 2012, the markets remained closed on account of Christmas. 3. On December 26, 2012, the domestic markets rose nearly 1%, ahead of F&O expiry. Banking stocks gained on hopes of easing liquidity as the Reserve Bank of India continues with cash injection measures and on expectations of a rate cut in next month. The Sensex closed at 19417.46, up by 162.37 points, while the Nifty rose by 49.85 points to close at 5905.6 4. On December 27, 2012, the key indices ended near day's low on December F&O expiry day as traders rolled over positions to the January series. The Sensex settled at 19323.80, down by 93.66 points, while the Nifty shut shop at 5870.10, down by 35.50 points. 5. On December 28, 2012, the rise in the market was led by oil shares on the back of the proposed gradual hike in diesel and kerosene prices. The Sensex shut shop at 19,444.84, up by 121.04 points, while the Nifty rose 38 points to close at 5,908.35. Global indices All the global markets closed mixed this week. Top gainers: Nikkei rose by 4.58% and Shanghai Composite surged by 3.71% and Hang Seng up by 0.71%. On the other side, top losers were Nasdaq, which was down by 2.01%, Dow Jones fell 1.92% and CAC40 slipped 1.12%. Sectoral and stock screening: All the sectors closed the week on a positive note. BSE Oil & Gas rose by 2.05%, followed by Realty which surged by 2.02%, Power up by 1.68% and CG advanced by 1.58%. Looking at the 'A' group stocks, top three gainers of the week were - Madras Cement up by 9.89%, NHPC rose by 8.25% and Gitanjali Gems up by 7.81%. Top three losers of the week were - TTK Prestige fell by 4.80%, Astrazenca Pharma down by 4.23% and Strides Arcolab fell by 3.35%. FII/MF activity: The foreign institutional investors (FIIs) have been the net buyers Indian stocks to the tune of Rs4829.9 crore till December 27, 2012. The domestic investors sold Indian shares worth a net of Rs110.8 crore on December 24, 2012. Market Outlook for the coming week! The Indian markets will soon enter the crucial period of corporate earnings. Third quarter December 2012 earnings will be a major trigger driving the sentiments next week. Automobile and cement stocks will be in focus as the companies from these two sectors start unveiling their monthly sales volume data for November 2012 from Tuesday, (January 01, 2013). The results of monthly surveys on manufacturing and service sector, automobile and cement sales data for December 2012 will also capture limelight in the coming week. Markit Economics will unveil HSBC India Manufacturing PMI, which gauges the business activity of India's factories for December 2012 on Wednesday, (January 02, 2013) and also HSBC India Services PMI and HSBC India Composite PMI for December 2012 on Friday, (January 04, 2013).