Before markets start experts say, last week of January 2019 is going to be influential with the both international and domestic issue viz., Budget 2019, Companies quarter ending results, the derivative contract closes. Budget 2019 is going to play key role in the respective week and majority shares move in along with budget sentiments.
On Monday: Indices crashed due to the general elections nearby across the country and budget 2019 on 1st Feb, which the announcements may be towards to attract the voters and going to lead increasing the deficit. Real estate, Metal and banking related shares rioted with sales and traded under pressure. S&P BSE SENSEX and NIFTY 50 are loosed 369 and 119 points respectively.
S&P SENSEX: Open: 36,099.62, High:36,124.26, Low:35,565.15, Close:35,656.70
NIFTY 50: Open:10,792.45, High:10,804.45, Low:10,630.95, Close:10,661.55
On Tuesday: Indian benchmark indices lost its points consecutively on the third day. Investors made the operations in investing very carefully due to the issue of America FED meetings, Budget 2019, BREXIT issue and America and China Trade war issue and also Derivative Contract closing added to the above. S&P BSE SENSEX and NIFTY 50 are loosed 64 and 09 points respectively.
S&P SENSEX: Open: 35,716.72, High:35,734.14, Low:35,375.51, Close:35,592.50
NIFTY 50: Open:10,653.70, High:10,690.35, Low:10,583.65, Close:10,652.20
On Wednesday: Indices are ended almost flat after many fluctuations in both the exchanges. Investors are almost in a dilemma while investment today because the issue of contract closures, Brexit and Budget 2019. Results of some companies showed its influence on the indices movements. S&P BSE SENSEX and NIFTY 50 are loosed 01 and 00 points respectively.
S&P SENSEX: Open: 35,819.67, High:35,850.41, Low:35,490.97, Close:35,591.25
NIFTY 50: Open:10,702.25, High:10,710.20, Low:10,612.85, Close:10,651.80
On Thursday: Indian benchmark indices went up with huge gains on Thursday because of America FED is not going to hike the interest rates. By this reason before the markets start investors are in positive sentiment and move up beyond the expectations. IT, Banking, Vehicle and FMCG stocks rioted with purchases and also Short covering purchases made by the investors. S&P BSE SENSEX and NIFTY 50 have gained 665 and 179 points respectively.
S&P SENSEX: Open: 35,805.51, High:36,278.13, Low:35,740.07, Close:36,256.69
NIFTY 50: Open:10,692.85, High:10,837.55, Low:10,678.90, Close:10,830.95
On Friday: On budget day markets are closed with normal profits because the government introduced various schemes for the welfare of middle-class people. Interim Budget on February 1 that sought to balance fiscal discipline with welfare necessities in an election year, as he announced a direct cash transfer plan for distressed farmers and a mega pension plan for unorganized sector workers. S&P BSE SENSEX and NIFTY 50 are gained 213 and 63 points respectively.
S&P SENSEX: Open: 36,311.74, High:36,778.14, Low:36,221.32, Close:36,469.43
NIFTY 50: Open:10,842.35, High:10,982.70, Low:10,815.55, Close:10,893.65
