Stock Market Review:-
The markets remained inconsistent this week and overall it was negative trend that had upper hand during the week. Both the benchmark indices and all sectoral indices closed in the red and the numbers are following: the Sensex was down 1.6% and Nifty was also down 1.6%. The CNX Midcap index was down 2.4% while BSE Smallcap index was down 6.2% over the week. BSE IT down 2%, BSE Realty down 4.5%, BSE Metal down 5.5% and BSE OilGas down 2%.
The markets remained inconsistent this week and overall it was negative trend that had upper hand during the week. Both the benchmark indices and all sectoral indices closed in the red and the numbers are following: the Sensex was down 1.6% and Nifty was also down 1.6%. The CNX Midcap index was down 2.4% while BSE Smallcap index was down 6.2% over the week. BSE IT down 2%, BSE Realty down 4.5%, BSE Metal down 5.5% and BSE OilGas down 2%.
The markets registered impressive growth today with buying coming from all sectors. Midcap and smallcap stocks gained the most and barring IT, all sectors closed in the green. The Sensex closed at 17728, up 265 points from its previous close, and Nifty shut shop at 5310, up 84 points. The CNX Midcap index was up 2.2% and the BSE Smallcap index was up 2.9%. The market breadth was positive with advances at 1093 against declines of 222 on the NSE. The top Nifty gainers were IDFC, JP Associates, Reliance Infra and PNB and prime losers included Hindalco, GAIL, Tata Power and HUL.
Suggestion:-
It is not the right time to invest in real estate sector and if you are holding the stocks, sell on rally.
No comments:
Post a Comment