Indices ended the week in green with pharma and banking stock gainers

Before markets starting analysts said, this week Indian benchmark indices are going to influence with International Markets indications, national figures, corporate news, direction with the market in the second quarter is expected this week. Market sentiment may be more vulnerable to negative news about small banks and home loan companies. The banks’ net interest margin is likely to fall, as banks will soon have to transfer that advantage in the face of a new RBI series of rates.

On Monday: Trading in the mid-range trading period led to late sales. Investors are particularly in IT, Banking, Pharma, and FMCG shares were gaining. The rupee ended 0.14 paisa lower at 71.10 against the US dollar. Kospi ended with gains and Nikki losses in Asian markets. S&P SENSEX and NIFTY 50 lost 141 and 48 points respectively.

Open High Low Close
NIFTY 50 11,196.20 11,233.85 11,112.65 11,126.40
S&P SENSEX 37,853.80 37,919.47 37,480.53 37,531.98

On Tuesday: Dussehra

On Wednesday: Indexes were once booming. The markets were hampered by a six-day series of losses on the back of buying deals in banking and financial stocks recently. The sentiment was strengthened by a 5 per cent dearth allowance for the central government. S&P SENSEX and NIFTY 50 gain 646 and 187 points respectively.

Open High Low Close
NIFTY 50 11,152.95 11,321.60 11,090.15 11,313.30
S&P SENSEX 37,628.05 38,209.84 37,415.83 38,177.95

On Thursday: The jury of indicators is limited to one day. The markets ended in a loss as the banking, finance and auto stocks were under pressure. Investors have been alerted to expectations that the company’s quarterly results may be moderate. Moody’s lowered Indian growth expectations. S&P SENSEX and NIFTY 50 lost 298 and 79 points respectively.

Open High Low Close
NIFTY 50 11,280.50 11,293.35 11,208.55 11,234.55
S&P SENSEX 38,130.23 38,130.23 37,802.93 37,880.40

On Friday: This week last day Indices are registered with profits, S&P Sensex ended 246.68 points higher or 0.65 percent and the Nifty50 closed 70.50 points in the green. Metals and IT were the top gainers. Shares of Aurobindo Pharma fell more than 6%. Infosys shares rallied 4.7% on Intraday and Cipla rebounded more than 4.5%, India Bulls Real Estate is locked in the upper circuit. S&P SENSEX and NIFTY 50 gain 247 and 65 points respectively.

Open High Low Close
NIFTY 50 11,260.95 11,361.40 11,191.35 11,301.25
S&P SENSEX 37,994.48 38,345.41 37,737.85 38,127.08


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