On the global front, trade war between USA and China, both countries slapped each other with tariffs on imports and the rupee once again breached the 70 mark against the US Dollar on Thursday, but the markets didn’t fear of anything and continues the rally for the 5th week also. This week also BSE & NSE worked for 4 days only on the occasion of Bakrid markets took a holiday on 22nd August. Monday markets closed with huge profits and reached 38,000 points within a month and NSE too reached 11,500 points on the same day.
- Strong gains in blue-chip stocks such as TCS, RIL, L&T, and NTPC also helped the market reached new highs.
- Due to rupee fall against the US Dollar persistent buying of Pharma and IT Shares by both foreign and domestic investors.
- RIL leads the Thursday makets, which is became first Indian firm to reach a market capitalization of 8 trillion.
- Retail Investors showed interest on Spare parts, vehicle, and metal shares to buy.
- Over all the week, BSE closed at a new high at 38,252 points with 304 pts gain while NSE closed at 11,557 points with 86 pts gain.
- It’s 25th time Nifty 50 reached the new highs in this year.
- Crude Oil traded positively till Thursday commodity market closed.
- Also Rupee strengthened 0.25 paisa against the US Dollar
