RBI rate cuts showed its impact on indices

This week Indian benchmark indices are going to influence by crude oil fluctuations and other international indication globally. On domestic front, Reserve Bank of India Monetary Policy Committee meeting assumptions on rate cuts by the RBI and Investors had their vision over Monsoon movements, Rupee fluctuations. FIIs and DIIs investment also key factors to show which impacts on this week trading.

On Monday: Indian benchmark indices are surged with profits on Monday with a markable increase because of assumptions on two reasons, i.e., NDA Govt. reform’s and RBI will not maintain stance again. Indices are surged with a vision to new heights and assumption on a constant flow of funds from foreign in the form of investment. Rupee strength added to the above. S&P SENSEX and NIFTY 50 gained 553 and 166 points respectively.

Open High Low Close
Nifty 50 11,953.75 12,103.05 11,920.10 12,088.55
S&P Sensex 39,806.86 40,308.90 39,711.02 40,267.62

On Tuesday: Indices are decreased on Tuesday due to weak investor sentiment on RBI rate cuts and Auto and IT stocks are weakened, since Investors are pulled out of the profits on the account of Ramadan on Wednesday also. Markets are dragged down even crude oil and rupee prices are appreciated. S&P SENSEX and NIFTY 50 lost 184 and 67 points respectively.

Open High Low Close
Nifty 50 12,052.65 12,095.20 12,005.85 12,021.65
S&P Sensex 40,196.00 40,312.07 40,031.05 40,083.54

On Wednesday: Holiday – Ramadan

On Thursday: Indices blown with red due to no remarkable measures on NBFC’s and the adjustment made over GDP rates in RBI MPC. Banking, Auto, Real Estate shares rioted with sales and traded under pressures. ₹2. 2 lakh crores of investors’ wealth evaporated in a single day. S&P SENSEX and NIFTY 50 lost 554 and 178 points respectively.

Open High Low Close
Nifty 50 12,039.80 12,039.80 11,830.25 11,843.75
S&P Sensex 40,136.43 40,159.26 39,481.15 39,529.72

On Friday: Indices concluded the last trading day of the week with some positiveness even all major sectors are in red like IT, Pharma, Infra, Metal, Auto, Energy, and FMCG except Banking. Banking stock helped the graph to move up. S&P SENSEX and NIFTY 50 gained 86 and 27 points respectively.

Open High Low Close
Nifty 50 11,868.40 11,896.70 11,769.65 11,870.65
S&P Sensex 39,581.77 39,703.10 39,279.47 39,615.90



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