Before markets starting as experts say, stock markets will be influenced by rupee volatile against the US Dollar, Crude Oil Prices, Companies 2nd quarter results and still trade war fear between America and China etc. Crude Oil prices may heavily affect the markets due to America restricts against the Iran.
On the occasion of Diwali stock markets declared as holidays on Wednesday and Thursday but on Wednesday i.e. 07-11-2018 evening 1-hour muhurath trading will be done.
On Monday: Due to international disadvantages our stock markets closed with bit loses, particular reasons are uncertainty between America-China trade war, our rupee loses against the US Dollar, and Pharma, FMCG, and Automobile shares faces the sales pressure but in the last session RIL and SBI shares stopped the market huge loses.
S&P Sensex: Open: 35,118.62, High: 35,123.41, Low: 34,811.60, Close: 34,950.92
NIFTY 50: Open: 10,558.75, High: 10,558.80, Low: 10,477.00, Close: 10,524.00
On Tuesday: Stock markets send off the Samvath 2074 with profits, in this Samvath S&P Sensex gained 7% and Nifty 50 gained 3% as well from last Diwali to this year Diwali. On the occasion of Diwali holidays investors shows some greedy to buy and shares booked profits also due to this reason markets suffered to volatile but ultimately Tuesday markets closed with low gains.
S&P Sensex: Open: 35,076.24, High: 35,196.03, Low: 34,889.72, Close: 34,991.91
NIFTY 50: Open: 10,552.00, High: 10,600.25, Low: 10,491.45, Close: 10,530.00
On Wednesday: Stock markets done for 1-hour muhurath trading from 5:30 PM to 6:30 PM only. In the 1-hour trading S&P Sensex gained 246 points and Nifty 50 gained 68 points respectively.
S&P Sensex: Open: 35,301.88, High: 35,302.25, Low: 35,183.17, Close: 35,237.68
NIFTY 50: Open: 10,614.45, High: 10,616.45, Low: 10,582.30, Close: 10,598.40
On Friday: Crude Oil price falls down below $70 for 1 barrel for the first time since April due to global supply increased and investors worried about the impact of fuel demand of lower economic growth rate and trade disputes and retail investors booked the profits from oil company stocks, this is the main reason for today’s stock markets loses, additionally America Fed Reserve gave indication to hike of interest rates in the next month and domestically Industrial Index Price (IIP), Customer Price Index (CPI) statistics also ahead
S&P Sensex: Open: 35,258.13, High: 35,287.29, Low: 35,011.23, Close: 35,158.55
NIFTY 50: Open: 10,614.70, High: 10,619.55, Low: 10,544.85, Close: 10,585.20
Analysis of the overall week stock markets closed with gains, S&P Sensex and Nifty 50 are gained 147 and 32 points respectively.
