Sensex ended this week up by 4.9% while Nifty was up by 5.0% and Midcap up by 5.8%
Monday - Sensex up by 2.4%, Nifty up by 2.3%, Midcap up by 1.0%
Markets continued to roll over as exit polls results indicated strong performance of BJP led coalition. Rally in stocks with domestic story speaks about the confidence in BJP led govt to revive investment climate. Rupee also hits its one-month high against the dollar as FIIs consolidated their position in expectation of a strong rally on the result day Friday.
Tuesday - Sensex up by 1.4%, Nifty up by 1.3%, Midcap up by 2.1%
BSE Sensex soared and touched its lifetime high of 24,068.94 as euphoria over expected BJP govt win continued. Domestic growth oriented stocks such as BHEL and ONGC rallied 10% and 4% respectively. Bank Nifty hit its record high.
Wednesday - Sensex down by 0.2%, Nifty flat, Midcap up by 1.6%
Market took a breather after rallying in three consecutive sessions as investors resort to book some profits ahead of result announcement on Friday. There was a brief rally in PSU banks after RBI appointed committee proposed that govt should divest its stake below 50%.
Thursday - Sensex up by 0.4%, Nifty up by 0.2%, Midcap down by 1.0%
Market saw some bullish momentum as investors took position ahead of result announcement day. Market is widely expecting NDA to get majority tomorrow and any tally less than 240 may spark some sell-off.
Friday - Sensex up by 0.9%, Nifty up by 1.1%, Midcap up by 2.1%
BSE Sensex and Nifty surged to record highs of 25,375.63 and 7,563.50 respectively as BJP delivered its best ever performance and recorded a win on 282 seats alone. As trends became clear, rupee also rallied against the dollar and touched its 11-month high. Sensex had a wild day with a swing of more than 1,500 points between high and low.
Monday - Sensex up by 2.4%, Nifty up by 2.3%, Midcap up by 1.0%
Markets continued to roll over as exit polls results indicated strong performance of BJP led coalition. Rally in stocks with domestic story speaks about the confidence in BJP led govt to revive investment climate. Rupee also hits its one-month high against the dollar as FIIs consolidated their position in expectation of a strong rally on the result day Friday.
Tuesday - Sensex up by 1.4%, Nifty up by 1.3%, Midcap up by 2.1%
BSE Sensex soared and touched its lifetime high of 24,068.94 as euphoria over expected BJP govt win continued. Domestic growth oriented stocks such as BHEL and ONGC rallied 10% and 4% respectively. Bank Nifty hit its record high.
Wednesday - Sensex down by 0.2%, Nifty flat, Midcap up by 1.6%
Market took a breather after rallying in three consecutive sessions as investors resort to book some profits ahead of result announcement on Friday. There was a brief rally in PSU banks after RBI appointed committee proposed that govt should divest its stake below 50%.
Thursday - Sensex up by 0.4%, Nifty up by 0.2%, Midcap down by 1.0%
Market saw some bullish momentum as investors took position ahead of result announcement day. Market is widely expecting NDA to get majority tomorrow and any tally less than 240 may spark some sell-off.
Friday - Sensex up by 0.9%, Nifty up by 1.1%, Midcap up by 2.1%
BSE Sensex and Nifty surged to record highs of 25,375.63 and 7,563.50 respectively as BJP delivered its best ever performance and recorded a win on 282 seats alone. As trends became clear, rupee also rallied against the dollar and touched its 11-month high. Sensex had a wild day with a swing of more than 1,500 points between high and low.
Thanks Ragini!!
ReplyDeleteThanks Deepak
ReplyDelete