Indices gained this week because of positive weather forecasting

This week market will trade only for three days on the account of Mahaveer Jayanthi on Wednesday and Good Friday. Markets will influence by the domestic and global issues. On the domestic front, Giant company’s quarter ending results Viz., WIPRO, HDFC Bank, RBL Bank, MINDTREE, and CRISIL are going to announce the quarterly results and General elections show its impact on indices. On the global front, increase in crude oil price will show the negative sentiments among the investors. Rupee fluctuations, FIIs and DIIs investments are key inflows which shows its impact on the markets this week.

On Monday: Indices are grown with four continuous day profits and begun this week with green. Investor sentiment is positive because TCS announced the good quarter results. Metal, Vehicle and IT stocks are supported the indices move up. S&P SENSEX and NIFTY 50 gained 139 and 47 points respectively.

Open High Low Close
Nifty 50 11,667.00 11,704.60 11,648.25 11,690.35
S&P Sensex 38,805.54 38,976.58 38,780.08 38,905.84

On Tuesday: Tuesday markets moved up by weather forecasting expects by India Meteorological Department as this year rainfall is normal reaches in rainfall, giant companies’ stocks are announced good 4th quarter results, Expectations on RBI rate cuts in next RBI Monitory Policy Committee and fluctuations in crude oil prices. S&P SENSEX and NIFTY 50 gained 370 and 97 points respectively.

Open High Low Close
Nifty 50 11,736.20 11,810.95 11,731.55 11,787.15
S&P Sensex 39,040.30 39,364.34 39,038.81 39,275.64

On Wednesday: On the account of Mahavir Jayanti markets not traded

On Thursday: Indian benchmark indices tumbled on Thursday due to banking and financial stocks viz., Indiabulls housing finance and Yes Bank stocks have tumbled more than 4% in NSE. In the first session itself market gone into pressure and not recovered again up to the open mark. The stock of Jet Airways registered its steepest fall since its listing as it nosedived.

Open High Low Close
Nifty 50 11,795.45 11,796.10 11,739.60 11,752.80
S&P Sensex 39,420.04 39,487.45 39,083.16 39,140.28

On Friday: On the account of Good Friday markets will not be traded


Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News & Article

Financial Advisory Services at Your Door Step.

If your occcupied don't have time to plan your financial investment we are here to guide.