Markets boosted with Q3 results expectations

Before markets starting experts says, International indices positiveness, Companies Q3 results, GST meet on 10th may influence the indices this week. This week TCS, Infosys, IndusInd Bank, Bandhan Bank, and Avenue Super Mart which are some giant companies may show their 4th quarter result impact on indices. The crude oil price fluctuation will add their weight on indices.

On Monday: The indices continued the profits in continuation with last weekend because of assumption of favorable conditions in between America and China, Real estate, IT, Technology, Electricity and FMCG stocks, Crude Oil price decrease makes the indices up. S&P BSE SENSEX and NIFTY 50 gained 155 and 44 points respectively.

NIFTY 50: Open:10,804.85, High:10,835.95, Low:10,750.15, Close:10,771.80
S&P SENSEX: Open: 35,971.18, High:36,076.95, Low:35,809.23, Close:35,850.16

On Tuesday: Markets continued its profits because of investor support in favor of banking stocks, and RBI governor’s positive statement towards the Indian Banks and international favorable conditions. S&P BSE SENSEX and NIFTY 50 gained 131 and 30 points respectively.

NIFTY 50: Open:10,786.25, High:10,818.45, Low:10,733.25, Close:10,802.15 
S&P SENSEX: Open: 35,964.62, High:36,037.35, Low:35,753.95, Close:35,980.93

On Wednesday: Indices painted green on fourth day too, because of favorable conditions towards international indices and the impact shown on S&P BSE SENSEX which crossed the 36,000 point milestone again. Negative assumptions over America and China trade war issue, Investor positive opinion on Q3 results of giant companies. S&P BSE SENSEX and NIFTY 50 gained 232 and 53 points respectively. S&P BSE SENSEX and NIFTY 50 loosed 106 and 34 points respectively.

NIFTY 50: Open:10,862.40, High:10,870.40, Low:10,749.40, Close:10,855.15 
S&P SENSEX: Open: 36,181.37, High:36,250.54, Low:35,863.29, Close:36,212.91

On Thursday: The bear stopped the indices from gains after four consecutive days due to investors observation on the giant company Q3 results viz., TCS, Infosys. Banking stocks are rioting with sales and indices fluctuated and gone under pressure. International market fluctuations affected the forex markets and rupee too.

NIFTY 50: Open:10,859.35, High:10,859.35, Low:10,801.80, Close:10,821.60 
S&P SENSEX: Open: 36,258.00, High:36,269.31, Low:36,070.76, Close:36,106.50

On Friday: Benchmark indices are trading lower with Nifty slipped below 10,800 mark, while Sensex is also trading below 36,000 level. TCS, Tata Motors, IndusInd Bank, Larsen & Toubro and M&M are the top losers on the Sensex. Infosys share dips trading marginally lower ahead of its numbers to declare later today. The company is expected to report marginal growth in profitability for the quarter-ended December 2018, but revenue growth could be an average 1.5 percent considering a seasonally weak quarter. S&P BSE SENSEX and NIFTY 50 loosed 97 and 27 points respectively.

NIFTY 50: Open:10,835.35, High:10,849.60, Low:10,740.90, Close:10,794.95
S&P SENSEX: Open: 36,191.87, High:36,214.26, Low:35,840.60, Close:36,009.84



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.