Week dedicated to Reliance: Markets register decent gains - Stock Cash Tips
The Indian markets ended the Week with marginal gains led by optimism of BMC Elections. The Sensex and Nifty rose 1.49%-1.33% for the week ended February 23, 2017.
The Indian markets ended the Week with marginal gains led by optimism of BMC Elections. The Sensex and Nifty rose 1.49%-1.33% for the week ended February 23, 2017.
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Indian indices:
Welcome to the 'Weekly Market Wrap' for Thursday, February 23, 2017 where key benchmark indices clocked decent gains in a truncated week ended Thursday, 23 February 2017, as record hitting streak on Wall Street helped the up move. A surge in index heavy weight Reliance Industries (RIL) Stock Cash Tips and positive global stocks during the week also supported gains on the bourses.
The Sensex moved above the psychological 29,000 mark in Intraday trade on Thursday, 23 February 2017. The market gained in all the four sessions of the week. Indian stock markets remain shut on Friday, 24 February 2017 on account of Mahashivratri.
The BSE Mid-Cap index rose 0.81%. The BSE Small-Cap index gained 0.89%. Both these indices under performed the Sensex.
The Sensex gained 424.22 points or 1.49% to settle at 28,892.97. The Nifty 50 index rose 117.80 points or 1.33% to end at 8,939.50.
Welcome to the 'Weekly Market Wrap' for Thursday, February 23, 2017 where key benchmark indices clocked decent gains in a truncated week ended Thursday, 23 February 2017, as record hitting streak on Wall Street helped the up move. A surge in index heavy weight Reliance Industries (RIL) Stock Cash Tips and positive global stocks during the week also supported gains on the bourses.
The Sensex moved above the psychological 29,000 mark in Intraday trade on Thursday, 23 February 2017. The market gained in all the four sessions of the week. Indian stock markets remain shut on Friday, 24 February 2017 on account of Mahashivratri.
The BSE Mid-Cap index rose 0.81%. The BSE Small-Cap index gained 0.89%. Both these indices under performed the Sensex.
The Sensex gained 424.22 points or 1.49% to settle at 28,892.97. The Nifty 50 index rose 117.80 points or 1.33% to end at 8,939.50.
Market Outlook for the coming week!
In the coming week, Macroeconomic data, trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), the movement of rupee against the dollar and crude oil price movement will dictate trend on the bourses in week ahead.
The government will announce data on Q3 December 2016 gross domestic product (GDP) on Tuesday, 28 February 2017. The GDP had risen 7.3% in Q2 September 2016.
Market Economics, an independent, global provider of some of the world's most influential business surveys will unveil the result of a monthly survey on the performance of India's manufacturing sector for February 2017 on Wednesday, 1 March 2017.
Market Economics will also unveil the result of a monthly survey on the performance of India's services sector on Friday, 3 March 2017.
State-run oil marketing companies (PSU OMCs) and auto stocks will be in focus as PSU oil marketing companies will undertake fuel price revision next week.
Auto stocks will be in focus as auto companies will start reporting sales volume data for February 2017, starting from Wednesday, 1 March 2017.
Aviation stocks will be in focus as PSU OMCs will revise jet fuel prices next week. PSU OMCs revise jet fuel prices on the last day of every month. Aviation turbine fuel or jet fuel constitutes more than 50% of operating cost for airliners. Prices of jet fuel are directly linked to crude oil prices.
On the global front, data on Caixin China General Manufacturing PMI, Nikkei Japan Manufacturing PMI, Market Eurozone Manufacturing PMI and Market US Manufacturing PMI for the month of February 2017, indicating health of manufacturing sector in respective regions in that month will be unveiled on Wednesday, 1 March 2017.
Data on Nikkei Japan Services PMI, Caixin China General Services PMI, Market Eurozone Composite PMI and Market US Services PMI for the month of February 2017, indicating health of services sector in respective regions in that month will be unveiled on Friday, 3 March 2017.
In the coming week, Macroeconomic data, trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), the movement of rupee against the dollar and crude oil price movement will dictate trend on the bourses in week ahead.
The government will announce data on Q3 December 2016 gross domestic product (GDP) on Tuesday, 28 February 2017. The GDP had risen 7.3% in Q2 September 2016.
Market Economics, an independent, global provider of some of the world's most influential business surveys will unveil the result of a monthly survey on the performance of India's manufacturing sector for February 2017 on Wednesday, 1 March 2017.
Market Economics will also unveil the result of a monthly survey on the performance of India's services sector on Friday, 3 March 2017.
State-run oil marketing companies (PSU OMCs) and auto stocks will be in focus as PSU oil marketing companies will undertake fuel price revision next week.
Auto stocks will be in focus as auto companies will start reporting sales volume data for February 2017, starting from Wednesday, 1 March 2017.
Aviation stocks will be in focus as PSU OMCs will revise jet fuel prices next week. PSU OMCs revise jet fuel prices on the last day of every month. Aviation turbine fuel or jet fuel constitutes more than 50% of operating cost for airliners. Prices of jet fuel are directly linked to crude oil prices.
On the global front, data on Caixin China General Manufacturing PMI, Nikkei Japan Manufacturing PMI, Market Eurozone Manufacturing PMI and Market US Manufacturing PMI for the month of February 2017, indicating health of manufacturing sector in respective regions in that month will be unveiled on Wednesday, 1 March 2017.
Data on Nikkei Japan Services PMI, Caixin China General Services PMI, Market Eurozone Composite PMI and Market US Services PMI for the month of February 2017, indicating health of services sector in respective regions in that month will be unveiled on Friday, 3 March 2017.
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