Bull triumph in stock markets after five weeks fall

For the past five weeks markets are traded in losses and may continue this week too. As per the expert’s opinion, markets will be going to trade in losses for due to RBI monetary policy meet doesn’t maintain the stance neutral to the rates, assumptions on rupee slump and going to hit ₹75 mark which pressured the investor most and interest rates hike expectations. Foreign investment withdrawal, Current account deficit, American bond yields hit 7 years high, added crude oil prices spike to the investor fear. American policies apply over Iran, which leads to crude oil prices hike some more in the month of November 2018.

On Monday – Markets are fluctuated heavily throughout the sessions finally concluded with a small share of profits and given a pause to the consecutive losses from the past three working days. Investors are interested towards vehicle, crude oil, gas and banking shares to buy and also investors covered their position which reflected to stabilize the markets. Asset management companies’ assets have been decreased 12.5 per cent compared with last month due to heavy crash in the markets and funds withdrawals of mutual funds by the customers. S&P Sensex and Nifty 50 gain 97 and 32 points respectively for the day.

Open High Low Close
Nifty 50 10,310.15 10,398.35 10,198.40 10,348.05
S&P Sensex 34,412.36 34,636.43 33,974.66 34,474.38

On Tuesday – Indices are looking ground, gaze day-by-day due to impairment in rupee, the increase in crude oil prices and banking, oil & gas, machinery spare parts, vehicle and real estate stocks are gone under pressure and rioted with sales. International monetary fund (IMF) reduced its monetary fund by 3.7 per cent and Foreign investors are under sales are also witnessed for markets negatively. Even present markets are unstable, but there is some demand for the stocks because of low price and indices are slightly increasing but international uncertainty, the slowdown in indices and America-China trade war fear is affecting the investor interest. S&P Sensex and Nifty 50 lose 175 and 47 points respectively for the day.

Open High Low Close
Nifty 50 10,390.30 10,397.60 10,279.35 10,301.05
S&P Sensex 34,651.82 34,711.68 34,233.50 34,299.47

On Wednesday – Investors took some relief with a positive close of S&P Sensex and Nifty 50 because of the appreciation in the rupee, Crude oil price decrease and demand in purchase of Metal and Banking shares. Maruti Suzuki, Tata steel, Yes bank and SBI shares are boosted to indices. SBI announced that, NBFC’s debt assets are going to purchase. International Monetary fund director Mr. Vitar Gaspar said that, India’s debt is very, very low compared among with present and developed countries. S&P Sensex and Nifty 50 gained  461 and 159 points respectively for the day.

Open High Low Close
Nifty 50 10,331.85 10,482.35 10,318.25 10,460.10
S&P Sensex 34,493.21 34,858.35 34,346.50 34,760.89

On Thursday – Markets begun with heavy losses due to American stock market fluctuation, Bond yields increased in US, assumptions on trade war, fear between America and China, fluctuations in the rupee, NBFCs issues and crude oil price fluctuations.

Indian stock markets went into losses because of United States Federal Reserve increase interest rates, which leads to a slowdown in Industrial growth and Rupee depreciated due to increased demand for US dollar because of a bond yield spike but later recovered and gained 8 paisa. As we already know that, NBFCs in India facing issue of liquidity from the past few days which leads to markets down. The fluctuations among crude oil prices fuelled to the above. S&P Sensex and Nifty 50 saw the cosmic form bear and closed at 34001 points (760 loss) and 10235 points (225 loss) respectively.

Open High Low Close
Nifty 50 10,169.80 10,335.95 10,138.60 10,234.65
S&P Sensex 34,063.82 34,325.18 33,723.53 34,001.15

On Friday – Markets are surged with 732 and 238 by the S&P Sensex and Nifty 50 respectively, and both the indices are poised to end the week higher for the first time in six weeks. As we already know that, the sharp global selloff on Thursday made it the worst start of the Quarter 3 for the NSE index since 2008. Instead of IT stocks, all other sectorial graphs are in green. Banking, Metal, FMCG, energy, and pharma surged and boosted the indices. Government of India measure given some fruits to regain rupee from slippage.

S&P Sensex hits highest gain on Friday with 732 points in a single trading day after march 2017. Crude oil stocks waved after a few weeks because of a decrease in crude oil price and which added positively to the indices of international markets.

Industrial index price fall to 4.3 per cent for the month of August which is three months low. Mining and heavy industrial equipment industries are slowdown and reflects the same on IIP. In August 2017, IIP stood at 4.8 per cent. The total IIP growth rate for April-August is 5.2 per cent. The growth rate of FMCG and FMCG non-durables are 5.2% and 6.3% respectively.

Commodity futures contracts on Gold (1 Kg), Gold Mini (100 games) and Silver (30 Kg) are now available for trading on NSE. The contracts will be physically settled on expiry with Ahmadabad as the base center. NSE is also planning to extend delivery centers to all major metros.

Open High Low Close
Nifty 50 10,329.50 10,492.15 10,329.50 10,472.50
S&P Sensex 34,291.92 34,808.42 34,279.78 34,733.58

Overall S&P Sensex and Nifty 50 gained 355 and 157 points respectively for the total week.

 

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