Indices ended in red with post budget sessions impact

This week Indian benchmark indices are going to be influenced by both international and domestic cues. On the domestic front, post budget assumptions, Monsoon movements, and Companies 1st quarter ending results shows the impact on indices. Globally, crude oil is on huge fluctuations because of the OPEC decision continued the production cuts up to March, Rupee price fluctuations, FII and DII investment inflows also shows its impact.

On Monday: Indian benchmark indices started the week with deep fall due to dissatisfaction among investor over post budget sessions dissatisfaction and increase of Surcharge, around Rs. 5 lakh crores wealth evaporated of the investors. Banking and Auto stocks slump and International markets are not parallel with our markets. S&P SENSEX and NIFTY 50 lost 793 and 253 points respectively.

Open High Low Close
NIFTY 50 11,770.40 11,771.90 11,523.30 11,558.60
S&P SENSEX 39,476.38 39,476.38 38,605.48 38,720.57

On Tuesday: Indices concluded the session almost flat on Tuesday due huge fluctuations took place among the indices with international non stability and trade issues between the countries leads the IT stocks slump. SENSEX gained & NIFTY 50 lost with edge points even RIL, L&T and Bajaj Finance twinkled. S&P SENSEX and gained 10 points and NIFTY 50 lost 03 points.

Open High Low Close
NIFTY 50 11,531.60 11,582.55 11,461.00 11,555.90
S&P SENSEX 38,754.47 38,814.23 38,435.87 38,730.82

On Wednesday: The indices closed with losses on Wednesday also due to American President Mr. Donald Trump announcement on the higher imposition of taxes. As he says, imposition on American Imports will not make good relation between the countries, also Auto stocks (passenger vehicles) continues its slump consecutively on the 8th month leads to dissatisfaction among investors. S&P SENSEX and NIFTY 50 lost 174 and 57 points respectively.

Open High Low Close
NIFTY 50 11,536.15 11,593.70 11,475.65 11,498.90
S&P SENSEX 38,701.99 38,854.85 38,474.66 38,557.04

On Thursday: Indian benchmark indices ended in green after consecutive losses, US FED interest rate cuts assumptions and Metal, Auto and Financial stocks are supported the indices to redirect the graph up. Rupee appreciation also added to the above. S&P SENSEX and NIFTY 50 gained 266 and 84 points respectively.

Open High Low Close
NIFTY 50 11,561.45 11,599.00 11,519.50 11,582.90
S&P SENSEX 38,751.62 38,892.50 38,631.31 38,823.11

On Friday: Benchmark Indices slipped from Thursday volume and traded in red. Oil, Gas, IT, and Banking stocks are tumbled the graph and rioted with sales. Foreign portfolio investors remained net buyers for the fifth consecutive month in 2019 after pumping in Rs 2,596 crores in the equity market in June as per the NSDL. S&P BSE SENSEX and NIFTY 50 lost 87 and 30 points respectively.

Open High Low Close
NIFTY 50 11,601.20 11,639.30 11,538.95 11,552.50
S&P SENSEX 38,941.10 39,021.84 38,684.85 38,736.23

In the total week S&P Sensex closed with 777 points or 1.96% loss and Nifty 50 also closed with 259 points or 2.18% loss.

 

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