News about the Indian share market: Key factors to impact the market next week

News about the Indian share market last week- The Indian share market gained last week on the hopes of a stimulus package, positive global cues, and RBI liquidity booster. The Nifty50 gained 154.85 points or 1.70% on a weekly basis and closed at 92667. While the Sensex was up by 429.10 points or 1.36% and ended at 31589.

The Bank Nifty gained the most on RBI liquidity booster news the last Friday. On a weekly basis the Banking index Bank Nifty gained 767.85 points or 3.71% and closed at 20681.

The Nifty midcap and smallcap 100 indexes have made a decent gain last week. The Nifty midcap 100 gained 493.3 points or 3.92% whereas the smallcap 100 was up by 240.75 points or  6.17%.

 

News about Indian share market: top gainers and losers

 

Weekly Nifty50 Gainers
Company Name	LTP	Previous Close	Change (%)
IndusInd Bank	474.45	395.4	19.99
Hindalco	124.15	107.55	15.43
Larsen & Toubro	932.9	812.8	14.78
Axis Bank	478.8	420.15	13.96
UPL	363.3	319	13.89
Weekly Nifty50 Losers
Company Name	LTP	Previous Close	Change (%)
Bajaj Fin	2308.15	2551.85	9.55
Hero Motor Corp	1835.9	1990.9	7.79
Kotak Mahindra Bnk	1186.25	1272.9	6.81
Tech Mahindra	509.85	545.25	6.49
Zee Entertainment	140.15	149.85	6.47

 

Weekly Nifty Midcap 100 Gainers
Company Name	LTP	Previous Close	Change (%)
NBCC	24.65	18.10	34.70
MRPL	33.25	26.05	27.64
Weekly Nifty Midcap 100 Losers
Company Name	LTP	Previous Close	Change (%)
Torrent Pharma	2246.8	2550.35	11.9
Rajesh Export	547.25	614.15	10.89
Weekly Nifty Smallcap 100 Gainers
Company Name	LTP	Previous Close	Change (%)
NCC	28.25	20.15	40.2
Ashoka Buildcon	64.6	50.45	28.05
Weekly Nifty Smallcap 100 Losers
Company Name	LTP	Previous Close	Change (%)
Balrampur Chini	107.85	123	12.32
Spandana Sphoort	542.25	610.7	11.21

Key Factors that will impact the share market next week

 

COVID 19 

The COVID 19 or Coronavirus related news would be the focus on the market next week. As per IMF’s report, a deep recession is expected globally. In India nationwide lockdown has been extended up to 3rd May. The lockdown extension means more economic loss for the country. Traders should track the COVID 19 related news because both domestic, as well as global market, will move as per the latest news of coronavirus outbreak.

News about Q4 earnings in Indian share market:

Last Wednesday Wipro reported a 6% YoY fall in profit at Rs 2345 crores as compared to Rs 2494 on the corresponding quarter last year. The revenue for the quarter rose by 4.7% YoY to Rs 15711 crores from Rs 15006 in the last year the same period. The operating margin for the quarter came in at 17.6% down 0.8% on QoQ

The company has not provided any revenue guidance for the next quarter due to the uncertainty around the course of COVID 19 Pandemic. 

Tata Consultancy Services (TCS) on Thursday reported a 0.94% YoY fall in Q4 profit at Rs 8049 crores. The consolidated revenue of the company has increased by 5% on a yearly basis to Rs 39,946 crores. The company has recommended a final dividend of Rs 6. The Q4 earnings of TCS have missed the street estimates 

HDFC Bank reported Q4 earnings, its profit jumps 18% at Rs 6928 crores on a YoY basis, the Bank’s provision double to Rs 3785 crores. Its Net Interest Income for the quarter climbed to Rs 15204 crores from Rs 13089 crores.  And the gross NPA for the quarter has eased to 1.26% from 1.42% in the December end quarter and 1.36% in the last year the same period. 

Overall the Q4 earnings meet the streets estimates and can react positively to the market on Monday. 

The Q4 earnings of Nifty50 stocks for next week are 

 

Q4 Earning dates for Nifty50 Stocks
20th April	INFY
23rd April	Bharti Infratel

 

Macro data 

The Indian retail inflation and wholesale inflation data released last week have cooled off. There is no major data except the Foreign exchange reserve on 24th April going to release in the coming week.

 

News about FIIs and DIIs in Indian share market last week

Both FIIs and DIIs were the net seller in the Indian share market in the cash segment last week. The FIIs sold Rs 4196.77 crores whereas DIIs also sold Rs 339.07 crores in the cash segment. Traders should follow FIIs investment in the cash market on a regular basis.

Technical views in Indian share market next week: Nifty and Bank Nifty 

Nifty share price target in Futures

Range-Bound Trend of Nifty Futures: 

All up Moves Initiates Profit Booking (Sale) @ 9465 whereas All Down Moves Initiates Short Covering (Buy) @ 9030

If Nifty futures share price Moves Above 9360 and sustain. Then you should Buy with 1st Target of 9405 during the week with a Stop Loss of 9260 FOR the Target of 9398- 9435- 9465- 9505

If Nifty futures share price Moves Below 9260 and sustain. Then you should Sell with 1st Target of 9208 during the week with a Stop Loss of 9360. FOR the Target of 9208- 9174- 9094- 9030.

 

Bank Nifty share price target in Futures

Range-Bound Trend of Bank Nifty Future: 

All up Moves Initiates Profit Booking (Sale) @ 21250, whereas All Down Moves Initiates Short  Covering (Buy) @ 19590

If Bank Nifty share price future Moves Above 20950  and sustain. Then you should Buy with 1st Target of 21070 during the day with a Stop Loss of  20460. FOR the Target of 21070 – 21150- 21250-21470

If Bank Nifty share price future Moves Below 20460 and sustained. Then you should Sell with 1st Target of 20220 during the day with a Stop Loss of 20950. FOR the Target of 20220 – 19980- 19590-19270

 

Crude and rupee updates:

The crude oil was trading lower in the last week due to the fear of oversupply after the IMF’s report of the deep recession. The Internation benchmark Brent crude fell more than 10% in the last week and touched weekly low at $21.65 per barrel. It has closed at $ 28.34 per barrel in the last week.

The Indian rupee has closed at Rs76.55 against the US dollar last week. The rupee has touched weekly low at Rs 76.91 last week and down 0.88% on a weekly basis.

Traders should follow the movement of crude oil and its reaction to the global market

 

Conclusions:

We have analyse the last week’s news of the Indian share market and mentioned the key factors that will impact the market for next week. The Indian volatility index India VIX is at 42.59, has come down from 86 which was in March. Though the volatility in the market has declined, in the immediate term, the market trend is negative.

Traders should remain cautious, focus on global cues, COVID 19 news from both domestic as well as international and crude oil.

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Happy Investing!!

Editor’s Desk