Markets continued its upward momentum this week and recorded gain of 1.4% in Sensex, Nifty gaining 1.5% while CNX Midcap rising 1.2%
Monday - Sensex up 0.8%, Nifty up 0.9%, Midcap up 1.8%
The cool-off in inflation has raised the expectations of rate cut and turned the investor tone bullish. Banking stocks gain. FIIs bought 915.8 crores as reported by stock exchanges.
Tuesday - Sensex and Nifty flat at 0.0%, Midcap slightly down by 0.4%
Markets had a choppy session with RIL gaining on the news of govt. clearing oil blocks, while SBI and HDFC losing on profit booking ahead of RBI review meeting.
Wednesday - Markets closed on the occasion of Mahavir Jayanti
Thursday - Sensex up 1.2%, Nifty up 1.4%, Midcap up 0.6%
Markets gained as last thursday of the month saw derivative expiries. FIIIs bought 226 crores while domestic investors sold 528 crores of equity.
Friday - Sensex down 0.6%, Nifty down 0.8%, Midcap down 0.8%
Markets continued to be range bound with domestic investors still staying away, as FIIs continued to build their stakes. The Sensex has dropped 1.3 percent this year, and is valued at 12.9 times projected 12-month profits, compared with the MSCI Emerging Markets Index’s 10.3 times.
• LIC Housing Q4 net up 18%.
ReplyDelete• S Chand and Company raises Rs 219 cr from anchor investors.
• Reliance Industries becomes Rs5,242 cr richer in one day as stock gains 1%.
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