Budget session eroded the week profits

This week Indian benchmark indices are going to influence by both international and domestic cues. On the domestic front, assumption over new reforms going to take up by the government in the BUDGET 2019-20.  Globally, investors had their vision of America–China trade relationship in G-20 summit, OPEC Meetup over Crude Oil production cuts, Rupee price fluctuations, FII and DII investment inflows also show its impact.

On Monday: Indian benchmark indices started with good gaining in both the indices because of positive international indications between America–China trade relationship. Investors also looking for budget session and reforms going to take up by the Government. Rupee appreciation and Monsoons added to the above. S&P SENSEX and NIFTY 50 gained 292 and 77 points respectively.

Open High Low Close
NIFTY 50 11,839.90 11,884.65 11,830.80 11,865.60
S&P SENSEX 39,543.73 39,764.82 39,541.09 39,686.50

On Tuesday: Indices gained in the second straight session also with an average profit from Oil and IT stocks supported the indices move up. In the first half markets traded in red due to less collections in GST than expectations and low Monsoons season but indices redirected to move up because of assumptions over positive reforms and development indication may introduced in the budget 2019-20. S&P SENSEX and NIFTY 50 gained 130 and 45 points respectively.

Open High Low Close
NIFTY 50 11,890.30 11,917.45 11,814.70 11,910.30
S&P SENSEX 39,811.68 39,838.49 39,499.19 39,816.48

On Wednesday: Indices scored with mild profits because of Investors are carefully over the union budget 2019-20. And Investors have their eyes on inflation, growth, demand and supply and vision of the government and necessary steps going to take up with them. S&P SENSEX and NIFTY 50 gained 23 and 06 points respectively.

Open High Low Close
NIFTY 50 11,932.15 11,945.20 11,887.05 11,916.75
S&P SENSEX 39,907.57 39,934.99 39,732.38 39,839.25

On Thursday: Indian benchmark indices gained in the fourth straight session also with some markable profit because of assumptions over 2019-20 growth rate will be 7% boosted the market graph. Investors are eagerly awaiting budget and its assumptions. S&P SENSEX and NIFTY 50 gained 69 and 30 points respectively.

Open High Low Close
NIFTY 50 11,928.80 11,969.25 11,923.65 11,946.75
S&P SENSEX 39,917.65 39,979.10 39,858.33 39,908.06

On Friday: Indices concluded the last trading session of the week with red due to assumptions of budget sessions are not satisfactory and Benchmark indices took a sharp fall for the first time in last five straight sessions after Budget failed to boost sentiment and Metal and Auto stock also rioted with sales. S&P BSE SENSEX and NIFTY 50 lost 395 and 136 points respectively.

Open High Low Close
NIFTY 50 11,961.00 11,981.20 11,799.05 11,811.15
S&P SENSEX 39,990.40 40,032.41 39,441.38 39,513.39



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