Markets settle on Friday flat ahead of Dec IIP data; TCS gains 2%


Benchmark indices settled the day flat even ahead of December factory output later today on hopes of reviving economy. The factory output grew by 5.7% in November even after the note ban announced by PM Narendra Modi.

 

Sentiment was also affected as Asian shares rallied to an 18-month peak on Friday, as investors cheered upbeat Chinese trade data.

 

Nifty 50 continued to hover around 8,800 levels, gaining for third consecutive week, led by TCS, Grasim, Tech Mahindra and Infosys.

 

The BSE Sensex index rose 0.4% this week while the NSE added 0.6% even after the RBI held rated for the second time and changed its stance to ‘Neutral’ from ‘Accomodative’
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stockarchitect February 11, 2017

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Sensex, Nifty post biggest weekly gain in 8 months; Airtel rallies 4.8%


Benchmark indices settled the day on a higher note, extending gains for the fourth day straight, as investors remain optimistic ahead of the Union Budget next week. Better than expected corporate earnings also aided the sentiment.

Nifty, Sensex posted their biggest weekly gains since May 27, led by gains in banking and financial stocks.

stockarchitect January 28, 2017

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