Weekly stock market updates

  • Economic statistics announced by America are favorable for international markets.
  • The RBI announced that they maintain the stance in future even they hike bank rates now and investors are positive to buy banking, fixed property and vehicle sectorial stocks.
  • Investors are positive in buying small and mid-cap shares since RBI relaxing the conditions over Non-Performing Assets in monetary committee.
  • Another reason for markets positive is investors took a short position before RBI Monetary. Policy and covered their positions after as well.
  • Projected Economic growth rate at 7.4% is continuing as expected.

    Commodity and Forex Markets
  • Gold and Silver were marginally higher, while the raw chamber also rose slightly.
  • The rupee weakened by 0.44 paisa against the US dollar.

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