Indices ended in huge profits

This week International signs, domestic statistics, corporate news and second-quarter results are expected to guide the market this week. The size of non-banking financial institutions can also be considered. The tide in the Middle East has escalated following the attack on the Iranian oil ship lost Friday. The rupee moves against the dollar, signaling from the FIIs investment trend.

On Monday: Indexes fluctuated on Monday and ended with gains. Predictability of US-China trade actions have had a positive impact. The rupee ended 0.21 paisa lower at 71.23 against the dollar. The ONGC share was buoyed by oil minister Dharmendar Pradhan’s announcement that there were no restrictions on the sale of shares in HPCL. S&P SENSEX and NIFTY 50 gained 87 and 36 points respectively.

Open High Low Close
NIFTY 50 11,335.90 11,420.45 11,290.05 11,341.15
S&P SENSEX 38,208.24 38,513.69 38,066.13 38,214.47

On Tuesday: Index gains continued for the third day. Buying and support for the auto and metal stocks were the main reasons for this. Positive news on the US-China trade deal has also been raised. S&P SENSEX and NIFTY 50 gained 292 and 87 points respectively.

Open High Low Close
NIFTY 50 11,360.85 11,462.35 11,342.10 11,428.30
S&P SENSEX 38,316.49 38,635.19 38,238.27 38,506.09

On Wednesday: For the fourth consecutive day, the indices were strong. Finance, energy and IT stocks were the biggest gainers. The quarterly results of companies such as Wipro and ACC had a positive impact on investors’ sentiment. S&P SENSEX and NIFTY 50 gained 93 and 43 points respectively.

Open High Low Close
NIFTY 50 11,464.95 11,481.05 11,411.10 11,464.00
S&P SENSEX 38,637.05 38,666.38 38,416.67 38,598.99

On Thursday: The indices gained for the fifth day in a row. After lengthy negotiations, the European markets were hit with Brexit a deal between the European Union and Britain. With Finance Minister Nirmala Sitharaman urging international investors to invest more in Bharat, domestic investors have come to grips with the expectation that she will soon embark on further incentives. S&P SENSEX and NIFTY 50 gained 453 and 115 points respectively.

Open High Low Close
NIFTY 50 11,466.30 11,599.10 11,439.65 11,586.35
S&P SENSEX 38,647.44 39,104.69 38,557.43 39,052.06

On Friday: Last day the indices gained in Sensex. Nifty Metal gained over 1.5 percent while HDFC AMC was most active. Lupin and Indoco Remedies are gains 2% and 7% on zero observation from USFDA. Indiabulls Housing Finance closed with a sharp gain of 19.33 percent at 235.25. Erasing losses of the early session, the Indian rupee edged up against the US dollar. Around 13:50 hours IST, the Indian currency was 0.6 paisa up at 71.10 per dollar. S&P SENSEX and NIFTY 50 gained 246 and 76 points respectively.

Open High Low Close
NIFTY 50 11,578.25 11,683.15 11,554.00 11,661.80
S&P SENSEX 39,087.83 39,361.06 38,963.60 39,298.38

Over all the week markets closed in green with high volumes S&P Sensex gained 1,171.30 points or 3.03% while Nifty 50 gained 356.80 points or 3.19% respectively.


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