Benchmark indices settled on a flat note tracking mixed cues from global peers after ECB unexpectedly reduced its monthly asset buys but pledged to keep its quantitative easing (QE) program beyond 2017, if needed. Nifty saw the biggest weekly gain since the first week of September and comfortably maintained its crucial 8250 levels in today’s session.
S&P BSE Sensex settled the day 53 points higher at 26,747 while Nifty50 gained 15 points to end at 8,262. In broader markets, BSE Midcap gained 0.21% while BSE small cap was up 0.52%.
Banking sector gained after RBI reversed its order forcing lenders to surrender all their extra cash and place it under the cash reserve ratio.
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The market ended with heavy losses. The Nifty ended below 7850, down 33.70 points or 0.4 percent. The Sensex is down 97.82 points or 0.4 percent at 25301.90. About 871 shares advanced, 1679 shares declined, and 197 shares are unchanged.
ITC gained 1 percent after posting better-than-expected Q4 results. Adani Ports, ONGC, NTPC and Bajaj Autowere top gainers in the Sensex. Losers were Lupin (down 9 percent), ICICI Bank, Reliance, M&M and Tata Motors.
After the political results of 5 states yesterday, there was a glimmer of hope of seeing the GST bill through but we can only hope things fall in place soon.
Here are some picks from the week gone by:
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An ounce of performance is worth pounds of promises – Mae West
The week that just ended, saw many companies declare their results. It was a nail-biting experience for quite a few as there could be hits and misses. But we do hope as always that our users got away unscathed. Here are some of the picks from the week just gone by. Happy Investing.
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This week was very short what with two holidays back to back. We hope you had profitable trading days during the three days that the market was operational.
For this post, we are covering 5 random picks which include positional, short-term and picks from known Masterminds.
We have always lived by the philosophy of helping investors take informed decisions by culling information from various sources.
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