Before markets start experts say, this week markets fluctuations will depend on the global front, Indo-Pak relations after the Pulwama attack and crude oil price fluctuations. On domestic front, political consequences, rupee fluctuations again the US dollar, upcoming general elections, FIIs & DIIs investments, and America-China trade talks all these indications will fluctuate the markets.
On Monday: Market indices were dragged down which in continuation with last week. The markets lose its points for an eight straight trading session. It’s the longest streak since August 2013 for S&P Sensex Foreign investment withdrawals and local politics are witnessed to the graph down. FMCG, Banking, IT, Vehicle and Pharma stocks are traded under pressures, and Pulwama attack all these shows negative sentiment impact on markets and investors are likely to remain cautious. S&P BSE Sensex and Nifty 50 lost 311 and 83 points respectively.
Nifty 50: Open:10,738.65, High:10,759.90, Low:10,628.40, Close:10,640.95
S&P Sensex: Open: 35,831.18, High:35,912.44, Low:35,470.76, Close:35,498.44
On Tuesday: Even markets are traded well on Tuesday but went to the losses in the last hours because of a trade gone under pressure with huge selling of the giant software companies viz., TCS, WIPRO and INFOSYS. On the 9th day also stock markets blown with red and crude fluctuations added to the above. S&P BSE Sensex and Nifty 50 lost 146 and 37 points respectively.
Nifty 50: Open:10,636.70, High:10,722.85, Low:10,585.65, Close:10,604.35
S&P Sensex: Open: 35,543.24, High:35,776.04, Low:35,287.16, Close:35,352.61
On Wednesday: Investors took a breath after deep suffocation of losses in the markets after 9 days. International directions and short covering of positions, assumption of America and China trade talks positively, rupee also took a part to lift the indices up. Metal, IT, and Banking stocks moved on. S&P BSE Sensex and Nifty 50 gained 404 and 131 points respectively.
Nifty 50: Open:10,655.45, High:10,752.70, Low:10,646.40, Close:10,735.45
S&P Sensex: Open: 35,564.93, High:35,797.11, Low:35,469.49, Close:35,756.26
On Thursday: Banking, Metal, Pharma stocks are supported the indices on 2nd straight session to move up. American FED assured positively in the last meeting regarding rate hike next time and banking stocks are given a boost up to the stock markets because of government decisions on liquidity and reserves support. S&P BSE Sensex and Nifty 50 gained 142 and 54 points respectively.
Nifty 50: Open:10,744.10, High:10,808.85, Low:10,721.50, Close:10,789.85
S&P Sensex: Open: 35,837.00, High:35,983.07, Low:35,707.29, Close:35,898.35
On Friday: On the last trading day stock markets ended flat due to investors booked profits from high value scrips and few of sectorial indices like Reality, Consumer Durable, Finance and Banking also ended lower today. S&P BSE Sensex lost 26.87 and Nifty 50 gained 1.80 points respectively.
Nifty 50: Open: 10,778.75 High: 10,800.95 Low: 10,759.35 Close: 10,791.65
S&P Sensex Open: 35,906.01 High: 35,941.69 Low: 35,795.79 Close: 35,871.48
