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Weekly Report 06 May 2019

Indian Market

Sensex and Nifty and Micro-Cap indices ended during the period from April 26, 2019 to May 2, 2019. Large-Cap Index, Mega-Cap Index and Mid-Cap Index dipped 1% each. Small-Cap Index decreased by 2%

Weekly Changes Index

Index26 May02 MayChange (%)
Micro-Cap Index86.9286.770%
Small-Cap Index89.5287.45-2%
Mid- Cap Index94.8593.44-1%
Large-Cap Index101.20100.29-1%
Mega-Cap Index101.38100.12-1%
Sensex39067.3338981.430%
Nifty11754.6511724.750%

Weekly Gainer / Loser

Index26 May02. MayChange (%)
Mega- Cap Gainers / Losers
Varun Beverages834.85883.206%
Yes Bank237.40173.80-27%
Large-Cap Gainers / Losers
DCM Shriram421.50465.0010%
Dilip Buildcon586.55502.90-14%
Mid-Cap Gainers / Losers
63 Moons Technologies113.95137.8021%
Mcleod Russel India76.4051.20-33%
Small-Cap Gainers / Losers
Goldiam International76.55104.1036%
RPG Life Sciences284.15228.80-19%
Micro-Cap Gainers / Losers
AFH28.0032.8017%
Soma Textile Industries4.663.65-22%

MCX and COMEX Weekly Review

Strong US Gold in short-covering bounce after jobs report

Gold futures climbed on Friday, while compensating for some sharp losses a day earlier, which sent prices at its lowest level of the year, but precious metals have still recorded losses for the week – their fifth in six weeks. Dollar response to job reports “was a typical V-shaped move: the first time again, as investors looked at non-payment payroll
The report was not as solid as the headline suggests an increase in jobs. An email update said that it helped reduce US stock and gold prices, “The approach for the American interest rates has been changed in the reports of this mixed bag jobs”. Data Friday revealed that the United States hoped to have 263,000 new jobs in the month of April, which led to unemployment rates falling to 3.6 years at the lower level of 49%.

Top Copper Miner says the price drop will not last long

In the world’s largest copper mine, there is a word to advise the bear in the market: the decline in prices will not last long. Since November and November, metal is heading towards biggest weekly loss after weak factory gauge in China. Those fears were not based on fundamental things, said Roberto Eckellfeld, Codelco’s chief commercial officer. He has estimated an increase of 2.3 percent in consumption this year, because my production has slipped 0.5 percent, while the smelter production remains flat.

U.S. Crude-oil rebounds on Jobs’s report but Week and Lower

Oil market managed to retreat from Friday’s disappointing performance on Friday. West Texas Intermediate crude futures rose 13 cents to $ 61.94 a barrel on Thursday after the expectations in the US employment report for April. April’s Employment Report fulfilled the expectations. Last session, when
It briefly sunk below $ 61, its lowest level since April 1. The American Raw benchmark has dropped 2.1% in the current week.

Last Week MCX Change

MCXDate  26-04-19Date 03-05-19% Chg
GOLD3193931447-1.54%
SILVER3751837391-0.34%
COPPER445434.35-2.31%
CRUDE44094307-2.31%
ALUMINIUM151145.20-3.84%
LEAD135.40130.95-3.29%
NICKEL863.50847.10-1.90%
ZINC228.75220.10-3.78%
NATURALGAS182.60178.602.19%

Last Week COMEX Changes

COMEXDate  26-04-19Date 03-05-19% Chg
GOLD1285.271280.30-0.39%
SILVER15.0414.95-0.60%
CRUDE62.8761.86-1.61%
COPPER2.87522.822-1.85%
$ INDEX97.7297.197-0.54%
USDINR69.8369.465-0.52%

International Market review

Most North American and European stock exchanges lost the ground this week after the US Federal Reserve (FED), Bank of Canada (BoC), and Bank of England (BoE), and the possibility of reducing their next policy move rate decreased . . After a strong report of US jobs, US equity was recovered on Friday. Meanwhile, the earnings report of S & P 500 for the first quarter has remained stronger than expected. Due to the conclusion of the May Day holiday in Europe and Hong Kong, the amount of global trade was mild, and in the form of a week-long closure to mark the end of the Hesse era in Japan, Emperor Akihito abandoned the Japanese throne.

EQUITY INDICESLevelChange1-week (cad)YTD (cad)1-year (cad)5-year (cad)
S&P/TSX16,494.43– 119.03– 0.72%+ 15.16%+ 5.59%+ 2.24%
S&P 5002,945.64+ 5.76– 0.03%+ 15.77%+ 17.01%+ 13.87%
DJIA26,504.95– 38.38– 0.37%+ 11.94%+ 15.70%+ 14.43%
FTSE 1007,380.64– 47.55+ 0.77%+ 11.48%– 0.53%+ 0.61%
CAC 405,548.84– 20.52– 0.30%+ 12.98%– 1.61%+ 4.20%
DAX12,412.75+ 97.57+ 0.86%+ 13.23%– 4.57%+ 5.10%
Nikkei22,258.73unchunch+ 8.57%+ 2.08%+ 11.47%
Hang Seng30,081.55+ 476.54+ 1.36%+ 14.48%+ 3.72%+ 10.30%

 

CURRENCY RETURNSCADChange1-weekYTD1-year5-year
US$1.3431– 0.0024– 0.18%– 1.51%+ 4.55%+ 4.13%
Euro1.5044+ 0.0041+ 0.27%– 3.79%– 2.32%– 0.23%
Yen0.0121+ 0.0000+ 0.26%– 2.81%+ 2.76%+ 2.40%

 

CANADIAN TREASURIESYieldChangeCOMMODITIESUSDChange
3-month1.68+ 0.01Oil$61.82– $1.48
5-year1.62+ 0.10Gold$1,278.55– $7.70
10-year1.77+ 0.08Natural Gas$2.63+ $0.02
What’s ahead next week:

Canada

  • Housing starts (April)
  • New Housing Price Index (March)
  • Building permits ((March)
  • Employment report (April)

U.S.

  • Consumer & Producer Price Indices (April)
  • Trade balance (March)

 

Disclosure: Alice Blue or its research analysts, or his/her relative or associate do not have any direct or indirect financial interest or any other material conflict of interest at time of stock recommendation, in the subject company. Also, Above Information, facts or opinions expressed in this article are presented from various sources. And do not reflect views of AliceBlue and hence AliceBlue is not responsible or liable for the same.

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About Dwipen Gogoi

Dwipen Gogoi, MBA (IB and IT) and PGDFT from Pune. (Technical Analyst of AliceBlue) I am a You Tuber, Blogger and doing Technical Analysis last 10 years in Stock, Commodity and Forex Market. i am creating various trading strategies for day traders, swing traders, scalp traders.

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