Stock Markets This Week: Sensex gains 2.37%

Stock Markets This Week: Sensex gains 2.37%

Stock markets this week  (Dec 26 - January 2, 2015) gained 2.37 per cent on hopes of much-awaited sectoral reforms and encouraging manufacturing output data for December by HSBC Manufacturing Purchasing Managers’ Index (PMI).

The benchmark BSE Sensex settled at a four week high while NSE Nifty surged to near 8,400 points this week.

The political uncertainty in Greece and New Year eve holidays in Asian stock markets moderated the equity market in India two days in this week.


The sentiment of investors was high as speculations were buzzing around for the much awaited banking reforms by the government. As expected, the government came out with some major decisions over the banking.

This week, the government has also announced to replace the 65 year old Planning Commission with NITI Aayog. This said to be major reform indication from the government of India. 

This week, the government appointed CEO & MD for four nationalized banks snapping the tradition as followed earlier. Under this the government has separated the role of Chairman for the banks. And moreover, the government may give autonomous to banks.

The HSBC Manufacturing Purchasing Managers’ Index (PMI) for December provided a major push to stock markets on the last trading day of the week.

The BSE Sensex resumed the week higher at 27,247.78 points on December 26. It moved to 27,395.73 points on December 29, 2014 - 27,403.54 points on December 30 – 27,499.42 points on December 31 – 27,507.54 on January 1, 2015 and on January 2, it surged to 27,887.90 points.

The Sensex gained 646.12 points or 2.37 per cent in the week.

The wide-based 50-issue CNX Nifty of the NSE traded between 8,410and 8,214before ending the week at 8,395.45 points, at net gain of 194.75 points or 2.37 per cent in the week.

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Manufacturing Industry: Can India be a World-Class Player?

Well, quality is the main criteria, when it comes to manufacturing industry. And to compete with other nations, globally, our standard of manufacturing needs to be at that level. We have various constrains when it comes to manufacturing, technology, resources and talent all these factors do play a very important role, in manufacturing.

The quality standards are very high, when it comes to international market. We have to increase our level of quality, to the international standards, to compete with them and to beat them. We need to study the international market, its trends, take a look at the number one in the world, may be in technology and electronics or in any field. We need to study them, take their experience and knowledge, and learn from them.

The main point is we should not compromise on the standards, when it comes to manufacturing. Any one person who is selfish and does something that affects the quality of the manufactured goods and the reputation of the whole industry and the country will be at stake. We should always aim at setting new standards, that other will like to emulate. But now we are in such a stage that it is hard to find a manufacturing unit that maintains the minimum standards.

So, first of all, our thinking should evolve from narrow selfish reasons to thinking of increasing our standards to global level. We should train ourselves. Empower ourselves, with the necessary technical skill and knowledge so that we can give the best, when it comes to manufacturing. There is nothing wrong in learning, what is good and best in others, we should get inspiration from the best in the industry, learn from them apply our own knowledge and skill for its betterment and progress. Then one day definitely, we will be able to reach global standards.

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