As per the expert’s opinion, this week markets may play with the vital role of the following reasons viz., US FED meetings, Crude Oil prices and its fluctuations, Investment and withdrawal of FIIs, International trade issues, Parliamentary winter sessions in both the houses, RBI committee decisions and NBFC issues.
On Monday: The week starts with the green because of vehicle, metal and all economical shares are attracted the investor to purchase and supported the indices to move up. Decrease in trade deficit, appreciation in rupee, Foreign investment into India supported investors sentiment and moved the arrows to go up. S&P Sensex and Nifty 50 gained 307 and 83 points respectively.
Nifty 50: Open:10,853.20, High:10,900.35, Low:10,844.85, Close:10,888.35
S&P Sensex: Open:36,129.13, High:36,312.31, Low:36,123.62, Close:36,270.07
On Tuesday: Continuous positive close blinked on Tuesday too, even the markets are fluctuating in the start session with IT and FMCG stocks. Markets are mentioned positive close with the support of Pharma, Metal, Mega vehicle stock purchases. Appreciation in the rupee and decreases in crude oil prices added to the investor positive sentiment. HPCL and BPCL stock are moved up with oil prices fall. S&P Sensex and Nifty 50 gained 77 and 20 points respectively.
Nifty 50: Open:10,850.90, High:10,915.40, Low:10,819.10, Close:10,908.70
S&P Sensex: Open:36,226.38, High:36,375.38, Low:36,046.52, Close:36,347.08
On Wednesday: Consecutively markets are surging the on Thursday too, because of the giant stocks viz., Asian paints, Axis Bank, SBI are rioting with the purchases. Strengthen in rupee and international trade issue are positive and investor sentiment makes the indices to move up. RBI decision over the liquidity issue to increase ₹10,000 crores more to the previous of ₹40, 000 crores on Open markets added to the above. S&P Sensex and Nifty 50 gained 137 and 59 points respectively.
Nifty 50: Open:10,930.55, High:10,985.15, Low:10,928.00, Close:10,967.30
S&P Sensex: Open:36,441.46, High:36,554.99, Low:36,381.87, Close:36,484.33
On Thursday: Markets are closed with the losses due to American Federal Reserve committee decisions over interest rate hike. With the decision international markets are turning their indices red and Indian Markets are not accepted for the scenario. But Appreciation in the rupee and decreases in crude oil prices recovered the markets with huge losses. S&P Sensex and Nifty 50 loosed 53 and 16 points respectively.
Nifty 50: Open:10,885.20, High:10,962.55, Low:10,880.05, Close:10,951.70
S&P Sensex: Open:36,321.18, High:36,475.52, Low:36,202.9, Close:36,431.67
On Friday: Markets are fluctuated heavily in the sessions due to indices are traded under pressure with negative sentiment among investors with sharp selling. The markets took a steep fall IT stocks down because of the appreciation of rupee, Global cues, Index heavyweights also caught in bear trap due to profit booking after rising sharply in past few sessions. Reliance Industries, ICICI Bank, HDFC Bank, HDFC and ITC were down between 1 percent and 2 percent. The government will infuse additional Rs 41,000 crore into public sector banks (PSBs), making the total amount for bank recapitalisation at Rs 1.06 lakh crore in financial year 2018-19. While the government has already infused Rs 23,000 crore into PSBs this year, the remaining Rs 83,000 crore will be provided in the remaining three months of 2018-19. S&P Sensex and Nifty 50 loosed 690 and 198 points respectively.
Nifty 50: Open:10,940.60, High:10,962.90, Low:10,739.55, Close:10,754.85
S&P Sensex: Open:36,449.27, High:36,483.49, Low:35,694.49, Close:35,742.07
