Exit polls enthusiasm not continued in the markets after Modi government formed

This week Indian benchmark indices are going to influence more of the domestic issues because of NDA Govt. continuation and assumption on the continuation of its reform’s. In the global front, US-China trade war issues, International currency fluctuations will impact on Indian IT stocks. Crude oil price and Rupee fluctuations, FIIs and DIIs investment also can show its impact.

On Monday: Benchmark indices continued its profits on Monday with markable increase because of NDA Govt. continuation and its reform’s. Assumption on constant flow of funds from FIIs. The rupee and crude oil price  strengthens added to the above. S&P SENSEX and NIFTY 50 gained 249 and 81 points respectively.

Open High Low Close
NIFTY 50 11,855.50 11,957.15 11,812.40 11,924.75
S&P SENSEX 39,536.23 39,821.94 39,353.16 39,683.29

On Tuesday: Indices went up slightly on Tuesday because of investor positive sentiment among NDA Government again and assumption over its reform’s continuation. Markets are concluded with green after many fluctuations for the day. S&P SENSEX and NIFTY 50 gained 66 and 04 points respectively.

Open High Low Close
NIFTY 50 11,958.35 11,958.55 11,864.90 11,928.75
S&P SENSEX 39,765.64 39,828.65 39,498.65 39,749.73

On Wednesday: Indices dragged down on Wednesday after three continuous day profits due to the assumption and tension on recession again and investors pull out of profits from markets. Banking, Metal, and Vehicle stocks are traded under sales pressures. Both the Rupee and Crude oil is impaired for the day. S&P SENSEX and NIFTY 50 lost 248 and 68 points respectively.

Open High Low Close
NIFTY 50 11,905.80 11,931.90 11,836.80 11,861.10
S&P SENSEX 39,714.27 39,767.93 39,420.50 39,502.05

On Thursday: Indices are lightened with markable profits on Thursday because of Finance and IT stocks are supported the indices and short covering also added to the above to move up even rupee and crude oil prices decreased.  S&P SENSEX and NIFTY 50 gained 330 and 85 points respectively.

Open High Low Close
NIFTY 50 11,865.30 11,968.55 11,859.40 11,945.90
S&P SENSEX 39,580.28 39,911.92 39,500.56 39,831.97

On Friday: Indices are blown with red on Friday due to PSU banks, Metal, Auto, Infra, and Pharma stocks traded under pressure and rioted with sales even though IT and Energy stocks tried to move up but concluded the day in negative parts. S&P SENSEX and NIFTY 50 gained 118 and 23 points respectively.

Open High Low Close
NIFTY 50 11,990.85 12,038.90 11,832.80 11,922.80
S&P SENSEX 39,998.91 40,122.34 39,374.24 39,714.20

 

 

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