Weekly recaps of Stock: Markets settled higher on GST respite

stock market weekly report Stock Markets settled higher on GST relief on Friday, but post weekly loss to some extent. Nifty registered marginal profit taking and lost over 1% in the passing week. The Bank Nifty index has been consolidating in a narrow range close to its record high, while Nifty IT index surpassed the benchmark index and spurted strongly in the passing week.

The key benchmark Sensex & Nifty overcame a spell of the extreme end volatility to close with modest gains today as investor sentiment got a lift after the GST Council trimmed tax rates on a wide range of items.

The BSE Sensex, after a start at 33,235 levels, rebounded to the day’s high of 33,380.42 in the late afternoon trade of the week ended Friday, but lost some ground to end at 33,314.56, up 63.63 points, or 0.19%, from its earlier close. The NSE Nifty 50 index, after moving between 10,254.10 and 10,344.95, finally ended 12.80 points, or 0.12%, higher at 10,321.75. For the week, Sensex index fell by 371 pts, whereas the Nifty lost 130.75 pts.

The GST Council on Friday provided release to several sectors by reducing tax rates an array of consumer items to 18% from current 28% and cut rates on 177 goods.

Stock Market Weekly Update, Nifty Prediction For Tomorrow

share market The Indian Equity Markets are going strength with Sensex and Nifty at historic life-time peak levels almost every day of the week. The smart rally was witnessed in spite of mixed macro-economic data and monthly auto sales numbers.

Sensex opened the week at 33,260, and made a high of 33,733 & low of 33,164 and closed the week at 33,685 whereby it gained 528 points over week.

The Nifty opened the week at 10,353 and made a high of 10,461 & low of 10,323 and closed the week at 10,452 whereby the Nifty closed the week gaining 129 points through the week.

Stock rising sentiment got increased after index heavyweights such as ICICI Bank, Bharti Airtel, Maruti, Suzuki India Ltd, Glenmark, Vedanta and Punjab National Bank came out with good Q2 numbers.

On economic front, the World Bank, on 31 Oct 2017, released the Ease of Doing Business Report, 2018. India has jumped 30 ranks over its rank of 130 in the Report 2017.

At global front, England raised its benchmark interest rate as a first time in 10-years record, while US President Trump chose Jerome Powell as the Federal Reserve Chair person after the current Chair Janet Yellen’s tenure ceases.

Stock Tips- Market Weekly Reports 23 Oct – 27 Oct

stock market weekly reportsMarket registered stellar gains in the week ended Friday, 27 Oct 2017. The BSE Sensex and the NSE Nifty index scaled record highs on the govt’s booster steps to the economy through capitalization of PSU banks with a view to support credit growth and job opportunities. The recapitalization plan pushed the Bank Nifty higher, but the index failed to make a new life high. On the other side, the Nifty index kept hitting new life-highs during the week.

The Sensex posted its largest weekly move since March 19. The index of 30 blue chip stocks gained 767 points during the week after the govt introduced a stimulus package, including a plan of Rs 2.11 lakh crore to recapitalize state-owned banks and a Rs 7.00 lakh-crore plan to build new roads.

On Friday, the Sensex gained for a fifth consecutive day, led by industrial stocks and health care stocks, while traders raised bullish bets in November derivatives series, which started Friday. The rollover rate in the Nifty October futures, was ceased on Thursday, which was 73%, in comparison with 3-month average of 65% on expiry, as per data.

For the coming week, Q2 financial corporate earnings and cues from global front will be closely watched by the market players.

Stock Market Tips- Weekly Reports, Commodity Tips Update

stock market weekly report

The benchmark indices ended higher on week ended Friday, 6 October, 2017, with the Nifty50 settling above its crucial 9,950 mark, buoyed by a jump in Tata Steel on its strong quarterly production numbers, while investors stayed cautious as Goods and Services Tax (GST) Council meeting went underway.  Market gained in three out of four sessions in truncated trading week. In the week ended Friday, markets were on a hot streak as all the major indices shimmered.

Nifty closed up 0.92%, posting maximum gains since August 14, 2017. Nifty futures contract carried on to include fresh open interest to the tune of Rs.3.9 lakh shares, mainly long positions.

Government data unveiled on Tuesday, 3 October 2017 indicating that India’s yearly infrastructure output rose 4.9% in August compared with a revised 2.6% Y-O-Y growth in July. India volatility index closed approximately 5% lower.  

On Wednesday, 4 October 2017, RBI kept the policy repo-rate under the liquidity adjustment facility unchanged at 6% based on an assessment of the current macro-economic situation at its meeting. In effect, the rev-repo-rate under liquidity adjustment facility (L.A.F) remains at 5.75 per cent, and the marginal standing facility (M.S.F) rate and the bank rate remains at 6.25 per cent.

Information Technology (IT) stocks such as Infosys and Infosys gained on latest positive economic data in U.S, the biggest IT outsourcing market for the Indian IT firms.

Best Stock Weekly Review: Market logs strong gains through the week

stock market weekly reports

Weekly Update- Indian stocks logged strong gains in the week ended Friday, 15 Sept 2017 led by gains in pharma and auto stocks. The BSE Small-Cap and BSE Mid-Cap indices outperformed the Sensex during the week. While the BSE MidCap advanced 217.99 points or 1.38% to settle at 15,972.74, the SmallCap index gained 362.56 pts or 2.22% to settle at 16,687.76.

In the week ended the Sensex rose 585.09 pts or 1.85 percent to settle at 32,272.61. The NSE Nifty index rose 150.60 points or 1.52 percent to settle at 10,085.40.

All through the previous five days, the Sensex had gained 524.44 points on solid global cues on receding concerns on North Korea and sustained buying by domestic investors.

On the macro front, the yearly rate of inflation, based on monthly WPI, figured provisionally at 3.24% for August 2017, corresponding to 1.88% in July 2017 and 1.09% in August 2016, as per data which was announced on Friday, 14 Sept 2017.

The price of Oil soared to their highest weekly rise since on higher demand forecasts and the recommence of refineries in US. The OPEC this week predicted higher demand for its oil in 2018 and pointed to cues of a tighter global market.