Capstocks Equity Research
Weekly Newsletter
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Please see the disclaimer at the end
For private circulation only
1
Weekly Market Perspective
WEEKLY
ISO 9001:2000
1st January 2010
RECORD GAINS IN BENCHMARK INDICES
AT 2009
Indian stock market recorded one of the best
performing in 2009. Other best performing years are
1993 and 1999. Sensex and Nifty gained 80% and
75% respectively for the year. CNX Midcap and BSE
Small cap gained by 99% and 126% respectively.
Foreign Institutional Investors pumped nearly $17.38
billion in 2009, out of which nearly $7 billion went to
QIPs (qualified institutional placments) and nearly
$3.3 billion each to IPOs & ADRs/ GDRs. Domestic
Institutional Investors remained active and bought
nearly 26,735 Crores for the year. Metal and Auto
sector outperformed the market whereas FMCG sector
underformed the market. Among largecap stocks Tata
Motors and Jindal Steel and Power gained more than
350% for the year whereas Bharti Airtel and RCom
were the major losers. For the week markets remained
range bound with activity witnessed in small cap
stocks and truncated trading days. Events to watch out
include change in trading timings where markets will
open from 9.00 AM from January 4, 2010.
DOW IN HOLIDAY MOOD
Trading volumes plummeted on Wall Street as fund
managers went for Christmas and New Year Holidays.
Activity was subdued and major indices remained
range bound for the week. For the year Dow Jones
Industrial Average gained 20% while Nasdaq
Composite gained 45%. The broad S&P 500 is up
nearly 25 percent for 2009, on track for its best
performance since 2003. The gains come