WEEKLY NEWSLETTER EQUITY
The market was in BULLISH TREND during the week. The Sensex was UP 477.33 points while the Nifty was UP 1.55 % during the week. Nifty future was in the range of 10060-10515.
The Dow Jones fell 28.23 points, or 0.11 percent, to 24,754.06, the S&P 500 lost 1.23 points, or 0.05 percent, to 2,683.34 and the Nasdaq Composite dropped 5.40 points, or 0.08 percent, to 6,959.96. Wall Street’s major indexes dipped on Friday in low trading volume before the holiday weekend as several blue-chipstocks slipped, including Nike.Nike Inc shares fell 2.3 percent after the company forecast muted growth in current-quarter revenue, reflecting its struggles in the North American market.UnitedHealth Group Inc was down 0.8 percent after the health insurer agreed to buy Chilean healthcare company Banmedica SA for USD 2.8 billion. Investors are winding down ahead of Christmas on Monday, when the market will be closed. Wildly volatile bitcoin plunged below USD 12,000, losing around a third of its market value in five days, before rebounding to above USD 14,000. Companies that have been riding the bitcoin wave were hit hard by the cryptocurrency’s slump.
For the week, the Sensex was UP 477.33 points while the Nifty was UP 1.55 % during the week.
NEWS AFFECTING INDIAN MARKETS
.No question of closing down any PSB, says govt & RBI.
.Banks lost almost Rs 17,000 crore to frauds last fiscal, says Finance Ministry.
.Expect India to growth at 6.7% in FY18, 7.4% in FY19: IMF’s Maurice Obstfeld.
.India imposes 30% import tax on chickpea, red lentils.
MARKET PERFORMANCE
NSE WEEKLY GAINERS
|
COMPANY NAME
|
DAY’S CLOSING
PRICE (RS.)
|
PREVCLOSE
|
5 DAYS AGO (RS.)
|
5 DAYS RETURN(%)
|
|
NAGA DHUNSERI
GROUP.LTD
|
1546.00
|
865.70
|
680.30
|
78.58
|
|
IND-SWIFT LABS
|
61.05
|
37.60
|
23.45
|
62.37
|
|
MORPEN LABS
|
37.80
|
25.10
|
12.70
|
50.60
|
|
DB REALTY
|
52.30
|
35.00
|
17.30
|
49.43
|
|
BINANI IND
|
139.65
|
96.35
|
43.30
|
44.94
|
WEEKLY CHARTS
S&P NIFTY WEEKLY
BANK NIFTY WEEKLY
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