MARKET OUTLOOK
The market was BULLISH during the week. The Sensex was UP 528.34 points while the Nifty was UP 1.25 % during the week. Nifty was in the range of 10324-10462
The S&P 500 and Dow industrials recorded their eighth consecutive weeks of gains which gained 7.99 points, or 0.31 percent, to 2,587.84 and 22.93 points, or 0.1 percent, to 23,539.19 respectively, while the Nasdaq posted its sixth straight up week with rise of 49.49 points, or 0.74 percent, to 6,764.44, as equities have climbed to record highs. A surge of 2.6% in shares of Apple with newly launched iPhone & a better-than-expected sales forecast for the holiday shopping season, took Wall Street indexes up. In other corporate news, Qualcomm shares surged 12.7 percent after reports that Broadcom is exploring a deal to buy the smartphone chip maker. Broadcom shares rose 5.4 percent. Aetna shares rose 2.7 percent after Reuters reported U.S. pharmacy operator CVS Health and the health insurer are working on finalising merger terms and announcing a deal as early as December. Wall Street indexes rose in a week on a series of important events, like the nomination of a new Fed chair and unveiling of a tax-cut bill from U.S. President Donald Trump's fellow Republicans. However, US labor market report showed a mix. US job growth accelerated in October after hurricane-related disruptions, the Labor Department said. But wages grew at their slowest annual pace in more than 1-1/2 years in a sign that inflation probably will continue to undershoot the Federal Reserve's 2% target.
For the week, the Sensex was UP 528.34 points while the Nifty was UP 1.25 % during the week.
NEWS AFFECTING INDIAN MARKETS
- FDI into India touches $114.4 billion in 2015-17: Report
- India services activity rises in October on higher demand
- Ease of business ranking improvement to help investments in India: Executives
- Govt fixes Sovereign Gold Bond rate at Rs 2,934/gram
MARKET PERFORMANCE
COMPANY NAME
|
DAY'S CLOSING PRICE (RS.)
|
PREVCLOSE
|
5 DAYS AGO (RS.)
|
5 DAYS RETURN (%)
|
SUJANA TOWERS
|
6.65
|
3.85
|
2.80
|
72.73
|
SITA SHREE FOOD
|
5.75
|
3.60
|
2.15
|
59.72
|
PTL ENTERPRISES
|
60.10
|
40.70
|
19.40
|
47.67
|
8K MILES SOFT
|
839.05
|
572.45
|
266.60
|
46.57
|
IL&FS ENGG CONST
|
53.75
|
38.10
|
15.65
|
41.08
|
DOMESTIC MARKETS
PREV CLOSE
|
CURRENT CLOSE
|
NET CHANGE
|
% CHANGE
|
|
SENSEX
|
33157.22
|
33685.56
|
528.34
|
1.59
|
NIFTY
|
10323.05
|
10452.50
|
129.45
|
1.25
|
NIFTY BANK
|
24839.55
|
25650.70
|
811.15
|
3.27
|
WEEKLY CHARTS
S&P NIFTY WEEKLY
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