Monday, 3 April 2017

Weekly market trend from March 27 - March 31, 2017 - TradeBizz Research


Mar 27- Trading for first day of the week began on a subdued note as the key benchmark indices settled with modest losses on Monday, 27 March 2017 on negative global stocks. The Sensex lost 187.96 points or 0.64% to settle at 29,233.44, its lowest closing level since 22 March 2017.

Mar 28- Key benchmark indices clocked modest gains in tandem with other global stock markets on Tuesday, 28 March 2017 as the selloff stemming from recent US policy uncertainty abated. The Sensex rose 172.37 points or 0.59% to settle at 29,409.52, its highest closing level since 24 March 2017.

Mar 29- Key benchmark indices registered gains on Wednesday, 29 March 2017 amid positive global cues triggered by positive US consumer confidence data. The barometer index, the S&P BSE Sensex, advanced 121.91 points or 0.41% to settle at 29,531.43.

Mar 30- Key benchmark indices posted modest gains on Thursday, 30 March 2017 after the Lok Sabha approved four legislations to give shape to the historic Goods and Services Tax (GST) bill. The Sensex rose 115.99 points or 0.39% to settle at 29,647.42, its highest closing level since 17 March 2017. Shares displayed volatility as traders roll over positions in the futures & options (F&O) segment from March 2017 series to April 2017 series. The near month March 2017 derivatives contract expired on 30 March 2017.

Mar 31- A bout of volatility was witnessed in trade on Friday, 31 March 2017 as the S&P BSE Sensex settled lower after swinging between gains and losses in intraday trade. The Sensex fell 26.92 points or 0.09% to settle at 29,620.50, its lowest closing level since 29 March 2017.

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