weekly market report 06-03-2017 to 10-03-2017
TRANSCRIPT
Format No: RH/ETE/WR Revision No: 0
Date: 2 July 2012
For Week Ended
Market Overview
This week started on a cheerful note with USD maintaining its position below the 120 mark. Nifty closed with third quarter of a percent gains due to sustained buying. Reliance Industries captured the market attention with a 4% extension of its multi-year rally during the session. The index continued its sideways movement with a narrow range for the remaining of the past week and on Friday, closed with a nominal gain of 0.42% over the previous week close due to rage bound activity Resistance for Nifty – 8578/8214 Support for Nifty - 8863/8582
Capital Market Round-up
Index 6-Mar 10-Mar % Change
Sensex 29,048 28,946 -0.35%
Nifty 8,963 8,935 -0.32%
BSE Midcap 13,485 13,366 -0.89%
BSE Small cap 13,671 13,671 0.00%
Major Market Indicators
Index 6-Mar 10-Mar % Change
Re / $ 66.55 66.64 0.13%
Crude INR 3,556 3,229 -9.20%
Gold INR 22,120 21,600 -2.35%
Sectoral Market Indices
BSE Index 6-Mar 10-Mar % Change
Bankex 23,581 23,626 0.19%
Capital goods 15,414 15,429 0.10%
Health Care 15,360 15,175 -1.20%
Information Technology
10,486 10,457 -0.28%
Metal 12,152 11,555 -4.91%
Oil & Gas 13,554 13,281 -2.02%
Power 2,181 2,157 -1.10%
Global Market update
Index 6-Mar 10-Mar % Change
Dow Jones 20,954 20,903 -0.25%
Nikkei 19,379 19,605 1.16%
Hang Seng 23,596 23,569 -0.12%
FTSE 7,350 7,343 -0.10%
For the Week Ended 06-03-17 to 10-03-17
Market Commentary
Past Week, Sensex moved down by 0.35% and Nifty was down by 0.32%. Rupee depreciated 0.13% to 66.64 USD.
Top gainer of the week is YES Bank Ltd. (5.77%) and top loser is GAIL (India) Ltd. (-28.41%)
Economic News
• India's foreign exchange reserves jump $1.2 bn. Read More
• Notes in circulation drop to Rs 11.73 lakh crore, post ban. Read More
• NBFC cash loan against gold restricted to Rs 25,000. Read More
Industry News
• Infosys names Pervinder Johar as CEO of
Edgeverve unit. Read More
• Greenko Group eyes Bhoruka Power’s clean
energy portfolio. Read More
• RMZ in talks with bankers for $300 million REIT
offering. Read More
Format No: RH/ETE/WR Revision No: 0
Date: 2 July 2012
Media Coverage
❖ Coverage: ET Wealth (Q&A), 5th March- 12th March, 2017
Topic: Questions and Answers (Finance related)
Read More
Learning Centre
Naked Shorting: It is the illegal practice of short selling shares that have not been affirmatively
determined to exist. Ordinarily, traders must borrow a stock, or determine if it can be borrowed,
before they sell it short. Due to various loopholes in the rules, and discrepancies between paper and
electronic trading systems, naked shorting continues to happen.
Source: Investopedia
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Right Horizons Research Team
Mr. Dattatreya B K Head of Research [email protected]
Ms. Nibha Valsan Business Analyst [email protected]
You can also reach us at [email protected]
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