This week markets closed in huge profits because of
- Trade tensions between America and Europe are relieved.
- Our rupee is stronger than the US dollar in this week.
- Foreign investors are buying shares constantly.
- In the first quarter, Bank of Baroda, Yes Bank, Reddy’s Laboratories, Biocon, ACC, Reliance Industries, and
L & T companies results were good. - The investors make a short covering after the expiry of the July 2018 derivative contracts.
- High purchasing of banking, automobile, and real estate shares.Decrease rates on various products at the GST board meeting.
- Stock markets reached the lifetime maximum points, BSE reached 37,000 points and NSE reached 11,000
Commodity & Forex Markets
- Crude oil was up marginal, gold and silver ending marginally lower.
- Our rupee has increased by 0.31 paisa compared with the US Dollar