Before markets start experts says, this week global and domestics causes may fluctuate the markets, globally America-China trade talks, rupee fluctuations against the US dollar, Crude Oil prices, FIIs investments, and investors may have eye on Bank of Korea MPC, Nikki purchase manages index statistics etc., domestically February derivative contracts closing, domestic statistics results of 3rd quarter GDP and January Infrastructure on 28th of this month, all these causes may show its impact on this week markets trading.
On Monday: This week markets begun with profits. IT, Banking stocks are traded well and attracted the investors to invest. Because on the global front Trump announced that will extend the date on America-China trade talks. GST reduced from 12% to 5% on realty, short covering ahead of Feb derivative contract closing, and Nifty comes up to the above level of 10,800 points again all these reasons are the markets climbed up. S&P Sensex and Nifty 50 gained 342 and 88 points respectively.
Nifty 50: Open:10,813.25, High:10,887.10, Low:10,788.05, Close:10,880.10
S&P Sensex Open: 35,983.80, High:36,242.18, Low:35,901.06, Close:36,213.38
On Tuesday: Indian Air Force strikes heat touched the stock markets due to these strikes, Investor sentiment were dragged down because how these strikes may lead? Other end the rupee and crude oil fluctuations were added. S&P Sensex and Nifty 50 lost 240 and 45 points respectively.
Nifty 50: Open:10,775.30, High:10,888.75, Low:10,729.30, Close:10,835.30
S&P Sensex: Open: 35,975.75, High:36,172.52, Low:35,714.16, Close:35,973.71
On Wednesday: Indian Benchmark indices continued its losses on consecutive 2nd day too due to tensions between India-Pak war indications at borders. Markets fluctuated heavily and concluded with losses even had profited in the starting sessions. Derivative closure short covering and fall of the rupee against the US dollar also added to the above. S&P Sensex and Nifty 50 lost 68 and 29 points respectively.
Nifty 50: Open:10,881.20, High:10,939.70, Low:10,751.20, Close:10,806.65
S&P Sensex: Open: 36,138.83, High:36,371.11, Low:35,735.33, Close:35,905.43
On Thursday: Indices blown with red on 3rd day also due to Feb derivative contract closure period and High tensions between India and Pakistan. Oct-Dec GDP growth rate only 6.6%. Estimation for the financial year 7.2% growth rate has been reduced to 7%. S&P Sensex and Nifty 50 lost 38 and 14 points respectively.
Nifty 50: Open:10,865.70, High:10,865.70, Low:10,784.85, Close:10,792.50
S&P Sensex: Open: 36,025.72, High:36,085.85, Low:35,829.15, Close:35,867.44
On Friday: Benchmark indices trade higher, but midcaps outperform. The S&P BSE Sensex might have plunged a little over 1 percent in February weighed down by Indo-Pak tensions, US-China trade war concerns, the rise in crude oil prices, concerns regarding lenders selling pledged shares, weak GDP data as well as mixed earnings from India. S&P Sensex and Nifty 50 gained 196 and 71 points respectively.
Nifty 50: Open:10,842.85, High:10,877.05, Low:10,823.35, Close:10,863.50
S&P Sensex: Open: 36,018.49, High:36,140.67, Low:35,952.41, Close:35,867.44
