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Saturday, 11 February 2017

6 Feb -10 Feb Weekend Review: Market gains on positive global cues

The market pace was positive last week (6 Feb to 10 Feb) on firm global stocks. The RBI after its sixth bi-monthly monetary policy meeting on 8 February, decided to keep the policy repo rate unchanged at 6.25%. Effectively, the reverse repo rate under the liquidly adjust facility (LAF) remains unchanged at 5.75%, and the marginal standing facility (MSF) rate and the bank rate at 6.75%. 

On Monday, 6 February 2017 indices settled with decent gains. The BSE Sensex, rose 198.76 points or 0.70% to settle at 28,439.28. The Nifty50 index rose 60.10 points or 0.69% to settle at 8,801.05. 

On Tuesday, 7 Feb, in view of the announcement of RBI policy review decision to be held the next day, the BSE Sensex, down 104.12 points to settle at 28,335.16. The Nifty 50 index fell 32.75 points to settle at 8,768.30. 

On Wednesday, 8 Feb it was a Volatile day, when the benchmark indices settled on a mixed note after the RBI kept its policy rates unchanged. The BSE Sensex went down 45.24 points or 0.16% to settle at 28,289.92. The Nifty50 index rose 0.75 points or 0.01% to settle at 8,769.05. 

On Thursday, 9 Feb, the indices settled with moderate gains after a volatile trade when the BSE Sensex, rose 39.78 points or 0.14% to settle at 28,329.70. The Nifty50 index rose 9.35 points or 0.11% to settle at 8,778.40. 

In the week ended Friday, 10 Feb, in a range bound trading session, the Sensex rose 93.73 points or 0.33% to settle at 28,334.25, while the Nifty50 index went up 52.60 points or 0.60% to settle at 8,793.55. The BSE Mid-Cap index gained 1.38% to settle at 13,468.41 whereas the BSE Small-Cap index rose 1.34% to settle at 13,601.31. Among the 30-Sensex shares, 16 shares declined and the remaining shares rose.
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