In the past week, the Indian equities traded marginally higher, where S&P BSE Midcap and S&P BSE Small cap outerperformed Sensex. Although currency crisis in Turkish Lira brought rupee to its lowest point, still, lower consumer price inflation, gains in IT, healthcare, FMCG & Auto stocks and expected trade talks between Washington and Beijing capped the market losses. Midcap and Small-cap outerperform Sensex, settled at a weekly return of 0.59% and 0.49%, respectively. Let’s find out more what changes were seen and what will be their expected outcomes.
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Major Equity Indices Performance
Last week, Indian equities traded marginally higher. S&P BSE Mid-cap and S&P BSE Small-cap indices outerperformed Sensex and traded at a weekly return of 0.59% and 0.49%. Sensex, BSE 200, and BSE 100 rose by 0.21%, 0.50% and 0.43%, respectively.
On the first day of the week, Turkish currency turmoil has brought rupee value to a record-low of 69.92, as a result, Sensex fell 224 points. Mid-cap and Small-cap indices suffered higher loss, dived by 0.70% and 0.78%. Banking, energy, Oil & gas and telecom stocks were the biggest decliners of the market. Later, July’s inflation data that touched a 9-month low point supported investors’ sentiments. CPI dragged from 4.92% to 4.17% expect no further rate hike by RBI, in turn, Indian equities settled with gains. WPI came down from 5.77% to 5.09% mainly driven by food articles. On Thursday’s session, deepened trade tension between the US and Turkey, led to continued currency fall and China’s slowed growth extended market losses. Sensex fell 0.50% while Midcap and Small cap down by 0.48% and 0.20%. Last day, the market registered smart gains ahead of positive global cues. Investors cheered after having positive cues from Beijing and Washington’s decision to hold a trade talk. Sensex gained 0.75%, whereas Mid-cap and Small-cap gained 0.88% and 0.94%, respectively.
Sectoral Indices Performance
Gaining Sectors
Sectoral Indices ended on a mixed note. S&P BSE healthcare noticed reversal, traded with the highest gains of 5.33% against the earlier week’s loss of 2.87%, the worst performing sector. Currency depreciation favored IT sector, leading it to gain weekly return of 2.78% while FMCG sector settled at 2.37% return. Auto, consumer durable, and bankex were marginally higher by 0.58%, 0.46%, and 0.37%, respectively.
Losing Sectors
Oil & gas was the worst performing sector dragged by 2.18% during the week. The sell-off in capital goods, energy, metal, and power kept sectoral indices down by 1.29%, 1.17%, 1.06%, and 0.56%, respectively.
Returns: As on August 17, 2018
Returns: As on August 17, 2018
We hope that in the past one week, the market has brought in some good news for every one reading this blog. In case you haven’t find anything favorable this time, do not get disheartened, because the market is bound to make switches and profits in the upcoming period and a short-term volatility does not defines the final outcome of your investment in any of the categories of mutual fund or a scheme in particular.
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