MARKET OUTLOOK
The market was UP TREND during the week. The Sensex was UP 212.67 points while the Nifty was UP 0.66 % during the week. Nifty future was in the range of 10163-10400
The Dow Jones Industrial Average rose 143.08 points, or 0.58 percent, to 24,651.74, the S&P 500 gained 23.8 points, or 0.90 percent, to 2,675.81 and the Nasdaq Composite added 80.06 points, or 1.17 percent, to 6,936.58.
Wall Street’s three major indexes climbed to record closing highs on Friday with broad-based gains as a long-awaited bill to cut corporate tax rates looked like it would win enough support from lawmakers to pass.
US congressional Republicans were expected to release final details of their plan late on Friday, with decisive votes planned for next week after lawmakers who had previously criticized the bill started to voice their support.
Republican Senator Bob Corker joined Senator Marco Rubio in signaling support in the late afternoon. Rubio had criticized the initial proposal, saying it did not give enough tax relief to working families, while Corker, had expressed concerned about the bill’s impact on the federal deficit.
For the week, the Sensex was UP 212.67 points while the Nifty was UP 0.66 % during the week.
WEEKLY CHARTS
BANK NIFTY WEEKLY
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The market was UP TREND during the week. The Sensex was UP 212.67 points while the Nifty was UP 0.66 % during the week. Nifty future was in the range of 10163-10400
The Dow Jones Industrial Average rose 143.08 points, or 0.58 percent, to 24,651.74, the S&P 500 gained 23.8 points, or 0.90 percent, to 2,675.81 and the Nasdaq Composite added 80.06 points, or 1.17 percent, to 6,936.58.
Wall Street’s three major indexes climbed to record closing highs on Friday with broad-based gains as a long-awaited bill to cut corporate tax rates looked like it would win enough support from lawmakers to pass.
US congressional Republicans were expected to release final details of their plan late on Friday, with decisive votes planned for next week after lawmakers who had previously criticized the bill started to voice their support.
Republican Senator Bob Corker joined Senator Marco Rubio in signaling support in the late afternoon. Rubio had criticized the initial proposal, saying it did not give enough tax relief to working families, while Corker, had expressed concerned about the bill’s impact on the federal deficit.
For the week, the Sensex was UP 212.67 points while the Nifty was UP 0.66 % during the week.
NEWS AFFECTING INDIAN MARKETS
Pulses sowing area up 9%, wheat area down 2% in rabi season
Centre approves infra development scheme for N-E with 100% funding
Forex reserves down by over USD 1 billion to USD 401 billion
Exports jump 30.55% to $26.19 billion in November; trade deficit widens
MARKET PERFORMANCE
NIFTY GAINERS
| COMPANY NAME | CURRENT | PREV. CLOSE(RS) | CHANG.(RS) | CHAG.(%) |
| VEDL | 298.85 | 284.55 | 14.30 | 5.03 |
| YESBANK | 316.05 | 303.90 | 12.15 | 4.00 |
| M&M | 1483.00 | 1431.60 | 51.40 | 3.59 |
| HINDALCO | 243.95 | 236.40 | 7.55 | 3.19 |
NIFTY LOSERS
COMPANY NAME
|
CURRENT
|
PREV. CLOSE(RS)
|
CHANG.(RS)
|
CHAG.(%)
|
TECHM
|
496.25
|
514.25
|
-18.00
|
-3.50
|
CIPLA
|
575.20
|
590.45
|
-15.25
|
-2.58
|
BOSCHLTD
|
19685.20
|
19880.20
|
-195.00
|
-0.98
|
NSE WEEKLY GAINERS
| COMPANY NAME | DAY’S CLOSING PRICE (RS.) | PREVCLOSE | 5 DAYS AGO (RS.) | 5 DAYS RETURN (%) |
| THE GROB TEA COMPANY LTD. | 923.05 | 659.05 | 264.00 | 40.06 |
| ICE MAKE REFRIGERATION LTD. | 95.30 | 68.40 | 26.90 | 39.33 |
| BOHRA INDUSTRIES LTD. | 46.00 | 33.85 | 12.15 | 35.89 |
| WELSPUN INVST | 194.95 | 145.95 | 49.00 | 33.57 |
| PRABHAT DAIRY LTD. | 234.10 | 175.70 | 58.40 | 33.24 |
S&P NIFTY WEEKLY
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