Indices took a dip after two consecutive week profits

International signs, corporate news and second-quarter results are expected to guide the markets this week. Domestically, the markets will focus on the policies that the Government will adopt to make room for the economy. The US-China trade agreement could bring oil prices back. Voting on Brexit in Britain’s parliament is going to be crucial.

On Monday: Maharashtra Elections Day

On Tuesday: The six-day consecutive gains were blindfolded. Infosys share collapsed after CEO Salil Parekh and CFO Neelanjan were accused of committing immoral activities. Exit polls predicted Bhajapa’s victory in the Maharashtra and Haryana Assembly elections to some extent. Shanghai, Hong Seng and Nikki Kospee ended positively in Asian markets. S&P SENSEX and NIFTY 50 lost 335 and 72 points respectively.

Open High Low Close
NIFTY 50 11,657.15 11,714.35 11,573.65 11,588.35
S&P SENSEX 39,233.40 39,426.47 38,924.85 38,963.84

On Wednesday: After one day’s loss, the indices recovered again. The company’s quarterly results and international mixed signals have impacted. European indices were trading better. Infosys share recovered from accusations of the company bosses. S&P SENSEX and NIFTY 50 gained 95 and 14 points respectively.

Open High Low Close
NIFTY 50 11,596.20 11,651.60 11,554.40 11,604.10
S&P SENSEX 39,063.84 39,196.67 38,866.08 39,058.83

On Thursday: The indices ended in a trading session between stocks. IT and Banking shares are under pressure to sell. This is due to the mixed results for the ruling Bhakta in the state elections and the Supreme Court ruling against the companies in Telecom. Infosys shares deal with SEBI and US Securities Investigation. S&P SENSEX and NIFTY 50 lost 38 and 22 points respectively.

Open High Low Close
NIFTY 50 11,661.65 11,679.60 11,534.65 11,582.60
S&P SENSEX 39,223.01 39,327.15 38,840.76 39,020.39

On Friday: This week last day BSE Mid-Cap index closed flat and Small-Cap index settled 0.39 percent lower. Nifty 50 opened near the hourly upper Bollinger Band, as well as near the upper end of a falling channel, on the hourly chart. Despite the visible weakness of the last four sessions, Nifty 50 appears to be attracting buying interest on dips, at least as of now. while two-wheeler and passenger vehicles continued to under perform with slower volume growth. The market is currently in the green. S&P SENSEX and NIFTY 50 gained 38 and 1 points respectively.

Open High Low Close
NIFTY 50 11,638.20 11,638.20 11,491.10 11,574.40
S&P SENSEX 39,201.67 39,241.61 38,718.27 39,020.39

Over all the week markets closed in red with high volumes S&P Sensex lost 240 points or 0.61% while Nifty 50 lost 78 points or 0.66% respectively.


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