MarketMagnify Investment Adviser and Research Pvt Ltd, Stock Market Tips, Commodity Free Tips: WEEKLY EQUITY REPORT AS ON 25TH NOV

Saturday, 25 November 2017

MARKET OUTLOOK

The market was BULLISH during the week. The Sensex was UP 336.44 points while the Nifty was UP 1.03 % during the week. Nifty was in the range of 10261-10405

The benchmark S&P 500 and the blue-chip Dow Jones industrials posted weekly gains for the first time in three weeks while the Nasdaq Composite posted its best weekly performance since the week to September 1. The S&P 500 and Nasdaq closed around highs on Friday, with the S&P ending above 2,600 points for the first time. The S&P 500 gained 0.2 percent to 2,602.42, finishing the holiday-shortened session above 2,600 for the first time. The Nasdaq Composite Index rose 0.3 per cent to 6,889.16, its third straight closing high, while the Dow Jones Industrial Average advanced 0.1 per cent to 23,557.99. The S&P 500 and NASDAQ finished at fresh records on Friday as the start of the holiday shopping season boosted Amazon and several other retailers. Retail experts are generally upbeat about this year's holiday shopping performance amid low unemployment and lofty stock valuations. Amazon jumped 2.6 percent as it announced a bevy of deals ahead of the "Cyber Monday" shopping day. The S&P retail index rose 0.75 percent and hit a record intraday high, led by Amazon’s 2.6 percent gain. The energy index and the materials index were boosted by rising commodities prices. US oil prices jumped to a more than two-year high as North American markets tightened on the partial closure of a key pipeline linking Canada and the United States.

For the week, the Sensex was UP 336.44 points while the Nifty was UP 1.03 % during the week.

MARKET PERFORMANCE

NSE WEEKLY GAINERS

DOMESTIC MARKETS