Nightmare For Investors In Stock Markets

This week market will be traded only for 4 days only on the account of Gandhi Jayanthi markets took a holiday on 2nd October 2018. Before the markets going to start, expert’s opinion that markets may consist underlying weakness. RBI Leverage policy review meeting will be starting on Wednesday and major rates will come under discussion and may be altered too. As per the expert’s opinion, Nifty 50 will regain if it comes over 10,800 points. As we already know that last week Nifty 50 loss, 2% and 6% from the last month.

On Monday – Markets are given a good start for this week with 299 points and 78 points gain for S&P Sensex and Nifty 50 respectively. Cash availability measures taken by the RBI, IL&FS board of directors given assurance to make some alterations to lift up the entity.

Open High Low Close
Nifty 50 10,930.90 11,035.65 10,821.55 11,008.30
S&P Sensex 36,274.25 36,616.64 35,960.65 36,526.14

 On Wednesday – Markets moved with positive expectations, but make a deep crumble on Wednesday due to impairment of rupee compared with US dollar, expectation and worries on increase in current account deficit, internationally crude oil price increase, differing opinion on RBI Meetup and another sectoral slowdown. Markets gone negative with 551 points and 150 points loss for S&P Sensex and Nifty 50 respectively. IT, Commercial vehicle, Telecom stocks are fluctuating and down heavily.

Open High Low Close
Nifty 50 10,982.70 10,989.05 10,843.75 10,858.25
S&P Sensex 36,602.85 36,602.85 35,911.82 35,975.63 

On Thursday – Investors’ hopes are heavily manipulated and reflected by stock market losses due to heavy rupee slump, internationally crude oil prices hit at 86$ per barrel. As we already know that, Indices and rupee slump continuing from the past few days. Investors saw a comic form of bear markets again with the span of very low time. The S&P Sensex lost more than 4000 points within 24 days. S&P Sensex and Nifty 50 lose 806 and 259 points respectively, and investors are choked with due to heavy fall. All sectoral share having a pressure with sales, but IT, Real estate, technology, crude oil and vehicle indices shares are rioted. Oil marketing companies (OMCs) stocks i.e. have lost around 12% because the central government is stated that, excise duty has been decreased by ₹1. 50/- and ₹1/- weight over the oil companies.

Open High Low Close
Nifty 50 10,754.70 10,754.70 10,547.25 10,599.25
S&P Sensex 35,820.53 35,820.53 35,022.12 35,169.16

On Friday – S&P Sensex sinks up to 900 pts in today’s Intra-day but later on recovered from huge loses; rupee hits $74 for the first time as RBI holds rates. No manipulations are workout to get out the markets from losses on Friday too, and bear continued its par excellence to down the markets and executed the same at the end of session on Friday. Midday indices tried to recover, but Bear backed the S&P Sensex and Nifty 50 with 792 and 283 points lost respectively. Majorly, fuel price cuts, depreciating the rupee, selling pressure intensified by investor sentiment and RBI policy meet. The Reserve Bank of India on Friday kept its key policy interest rates unchanged surprising the market and experts at 6.50%, MPC votes 5:1 in favour of keeping the REPO rate. Market watchers and top economists are expecting a 25-basis point hike in key interest rates as the RBI MPC will consider a sharp surge in crude prices, weak rupee, market turbulence amid the liquidity crunch and on top of all, the US Federal Reserve is raising interest rates.

Open High Low Close
Nifty 50 10,498.10 10,537.70 10,263.75 10,263.75
S&P Sensex 34,940.14 35,110.65 34,220.65 34,376.99

Aggregate loss of the whole week of BSE S&P Sensex 1,850 (5.17%) points, while NSE Nifty 50 lost 614 (5.71%) points

 

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