This week stock markets worked for four days only, on the account of Guru Nanak Jayanthi stock markets declared the holiday on Friday. After continuing three weeks profits a break for the markets. Experts say this week’s market takes indications from the RBI Board meeting due to differences between Government and Reserve Bank of India, exit polls of five states, and Rupee trading against the US dollar all these reasons effects this week’s stock markets. Internationally Brexit and Trade war between China and America decisions and OPEC cut production decision on crude oil also plays the key role in this week’s markets results.
On Monday: Today markets traded on the profit side, after the October 3rd this is the high gain of the BSE and NSE. Reasons for the profits, investors’ positive expectations for the RBI meeting, rupee strengthened against the US dollar, drop in crude oil prices, and RIL, ITC, and Private Banks shares purchasing are the reasons for the market’s gains.
On Tuesday: A break to the continues 3 days profits on heavy selling by investors in the domestic and international markets, investors profit-booking in recent gainers despite a rupee strengthened against the US dollar on the continuing sixth day and easing in crude oil prices couldn’t stop the markets falling on Tuesday.
On Wednesday: International markets bring down our markets on the second straight session due to heavy selling by investors in the international markets because of negative concerns on Economic growth. IT, Technology, Metal, and Automobile shares traded in the loss because of heavy selling, Nifty 50 slips below 10,600 points on the other end fall in crude oil prices its one year low in global markets it’s the cause to the oil marketing companies shares gains and markets escaped from the huge losses.
On Thursday: Mid-cap stocks falling decided the today’s markets, mid-caps like Pharma, Energy, Metals, Financial sectors saw the most losses. It’s a negative end to the markets for this week as tomorrow is a trading holiday on account of Guru Nanak Jayanti.
Overall weekly markets ended with loses BSE 476 points or 1.33% and NSE 155 points or 1.46% lost respectively.
