Stock Markets Weekly Updates

The indices continued to kick start a week and achieved a new benchmark even though RBI hikes the REPO and Reverse REPO rates in it’s MPC meeting and trade war fears come out on screen between America and China again.

  • Our rupee also had a slight resurgence when compared to the US dollar.
  • In August and September, rainfall is expected to be normal.
  • Reliance industries market value increased by 3% and reached a top place again.
  • The last week of the day investors purchased banking shares in huge quantity
  • The quarterly results of HDFC Bank, Bank of Baroda, Reliance Industries, Tech Mahindra and Bharti Airtel showed good profits.

Commodity & Forex Markets

  • Crude Oil price increase slightly, Gold and Silver took a dip in this week
  • Our rupee strengthened by 0.05 paise against the US dollar.

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