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Weekly Report 13 April 2019

Indian Market

The SENSEX increased 2513 points or 6.93% since the beginning of 2019, according to trading on a contract for difference (CFD) that tracks this benchmark index from India. Historically, the India SENSEX Stock Market Index reached an all time high of 39056.65 in April of 2019 and a record low of 113.28 in December of 1979.

The Sensex and the Nifty fell 1% each during the period 8 April 2019 and 12 April 2019. Large-cap Index and Mega-cap Index dipped 1% each. Micro-cap Index and Small-cap Index went down by 1% each. Mid-cap Index ended flat.

Weekly Changes Index

Index05 April11 AprilChange (%)
Micro-Cap Index89.0188.28-1%
Small-Cap Index91.7690.95-1%
Mid- Cap Index98.4198.310%
Large-Cap Index104.76104.19-1%
Mega-Cap Index104.03103.42-1%
Sensex38862.2338607.01-1%
Nifty11665.9511596.01-1%

Weekly Gainer / Loser

Index05 April11 AprilChange (%)
Mega- Cap Gainers / Losers
Ashok Leyland87.7594.508%
DFL201.60177.70-12%
Large-Cap Gainers / Losers
Indiabulls Real Estate90.55118.7531%
Century Plyboards213.45189.20-11%
Mid-Cap Gainers / Losers
Rushill Decor460.85549.1519%
Reliance Communication3.352.80-16%
Small-Cap Gainers / Losers
GIC82.85108.1030%
Parvsnath Developers6.675.35-20%
Micro-Cap Gainers / Losers
DQE6.156.9145%
Gemini Communication0.250.20-22%

MCX and COMEX Weekly Review

Gold prices were minor changed on Friday after resurgent United State nonfarm payrolls data that showed employment leaping from a 17-month low as milder weather boosted activity in sectors like construction. It was a good United State jobs number, yes. But more importantly, will it prompt the Fed to rethink its patient stance on
rate hikes? For investors in gold though, it raised the question of whether it may just be another thing to tilt the Federal Reserve, accused by some of being too dovish of late, the other way. Gold future for June delivery, traded on the Comex division of the New York Mercantile Exchange, settled the official trading session up $1.30, or 0.1%, at $1,295.60 per ounce.

Crude oil price rose 1.88%, after strong U. S jobs data; Shale Still in Focus

Crude oil price capped its longest winning streak in almost last 18 months as global supplies strained and positive United State economic indicators bolstered the demand outlook. Crude oil futures price gained 4.9 percent for the week, joining a U.S. stock-market rally that approached an all-time high on Friday. Already boosted by fresh signs of OPEC production cuts, crude was further buoyed by a monthly employment report that topped estimates. Friday’s
expectation was enough for traders to shrug off the biggest jump in American drilling activity since May 2018

Last Week MCX Change

MCXDate  29-03-19Date 05-04-19% Chg
GOLD3173431873+0.44%
SILVER3776137519-0.64%
COPPER451.05443.25-1.073%
CRUDE41854362+4.23%
ALUMINIUM149.15147.10-1.37%
LEAD140.65137.50-2.24%
NICKEL904903.50-0.06%
ZINC221.35227.55+2.80%
NATURALGAS186.70185.30-0.75%

Last Week COMEX Changes

COMEXDate 29-03-19Date 05-04-19% Chg
GOLD1291.921291.65-0.02%
SILVER15.0915.09
CRUDE60.1463.28+5.22%
COPPER2.93202.8787-1.82%
$ INDEX96.8196.99+0.19%
USDINR69.3969.23-0.23%

International Market review

Earnings reporting season for 2019’s first quarter is getting under way and promising to bring renewed volatility to stocks in Canada and the U.S., as some forecasters are expecting year-over-year earnings growth to dip into negative territory. To add to the anxiety, the International Monetary Fund (IMF) cut its global growth forecast, and the Organisation for Economic Co-operation and Development (OECD) said its leading economic index fell in February to its weakest reading since this expansion began in 2009. But major equity markets mostly held their ground as improving economic data in the U.S. and China – and progress in their trade talks – continued to ease fears of outright recession. Notably, while the IMF was downgrading its global outlook, it raised its 2019 forecast for China.

Europe

Most European equity markets finished slightly down. Investors were troubled by weaker trade data from Germany, and by U.S. threats of tariffs on $11 billion of imported goods because of subsidies to aircraft maker Airbus. The potential move would be in addition to previously threatened tariffs on European autos. As expected, due to the economic uncertainty, the European Central Bank made no changes to its monetary policy or forward interest rate guidance at its meeting. But better economic data from Italy suggested that the county’s brief recession may have ended. U.K. data was also better than expected but may be explained by stockpiling in anticipation of Brexit.

An agreement to extend the deadline to October 31 avoided Britain crashing out of the European Union this week in a “hard Brexit”, but may be worse economically in the long-run as it drags out the uncertainty. Stock markets in Asia also finished mostly in the red, while Japan made a small gain.

EQUITY INDICES
Level
Change
1-week (CAD)
YTD (CAD)
1-year (CAD)
5-year (CAD)
S&P/TSX16,480.53+ 84.38+ 0.51%+ 15.06%+ 7.93%+ 2.94%
S&P 5002,907.41+ 14.67+ 0.10%+ 13.51%+ 15.61%+ 14.27%
DJIA26,412.30– 12.69– 0.45%+ 10.81%+ 14.28%+ 14.93%
FTSE 1007,437.06– 9.81+ 0.02%+ 11.09%– 0.15%+ 1.52%
CAC 405,502.70+ 26.50+ 0.83%+ 12.32%+ 0.58%+ 4.52%
DAX11,999.93– 9.82+ 0.26%+ 9.74%– 6.20%+ 4.97%
Nikkei21,870.56+ 63.06– 0.38%+ 5.30%+ 2.37%+ 11.58%
Hang Seng29,909.76– 26.56– 0.15%+ 13.11%+ 2.86%+ 9.36%

 

CURRENCY RETURNSCADChange1-weekYTD1-year5-year
US$1.3333– 0.0051– 0.38%– 2.23%+ 5.93%+ 3.96%
Euro1.5060+ 0.0048+ 0.32%– 3.68%– 2.93%– 0.24%
Yen0.0119– 0.0001– 0.64%– 4.31%+ 1.50%+ 1.95%

 

CANADIAN TREASURIESYieldChangeCOMMODITIESUSDChange
3-month1.68+ 0.01Oil$63.82+ $0.74
5-year1.64+ 0.07Gold$1,291.03– $0.72
10-year1.78+ 0.08Natural Gas$2.75+ $0.14

 

What’s ahead next week:

Canada

  • Manufacturing sales (February)
  • International Merchandise Trade (February)
  • Consumer Price Index (March)
  • Retail sales (February)

U.S.

  • Empire State Manufacturing Survey (April)
  • Industrial production, Capacity utilization (March)
  • Trade balance (February)
  • Retail sales (March)
  • Markit Purchasing Managers Indices (April)
  • Conference Board Leading Index (March)
  • Housing starts, Building permits (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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