Saturday, 4 February 2017
Weekly Stock Market Snapshots: 30 Jan-3 Feb, 2017, Nifty Future Calls Tomorrow
The Key Benchmark indices edged higher in 3 out of 5 trading sessions during the week ended Friday, 3 Feb 2017. Investors extended a positive look to Finance Minister Arun Jaitley's Union Budget 2017-18, which focused on exciting growth to economy. The BSE Small-Cap & Mid-Cap indices outperformed the Sensex during the week. The Sensex grew up 358.06 pts or 1.28% to settle at 28,240.52. The Nifty 50 index rose 99.70 pts or 1.15% to settle at 8,740.95.
The week’s first day, Monday 30 Jan, started on a lackadaisical note as the key benchmark indices logged small losses on the day. The Sensex fell 32.90 pts or 0.12% to settle at 27,849.56, its lowest closing level since 25 January.
Key benchmark indices plunged on Tuesday, (31 Jan) led by slide in IT stocks on qualms over US President Trump's immigration policy. The Sensex lost 193.60 points or 0.70% to settle at 27,655.96, its lowest closing level since 24 Jan 2017.
The indices surged on Wednesday, (1 Feb) to 485.68 points or 1.76% to settle at 28,141.64, and the investors cheered seeing the stimulating growth of Union Budget. Buying was triggered since there was no say of long-term capital gains tax in the budget speech. Key indices made a little go a long way on Thursday, 2 Feb 2017, as the Union Budget presented on 1 Feb 2017, focused a range of stimulating growths.
The Sensex rose 84.97 points or 0.30% to settle at 28,226.61 as a highest closing level. The weekend Friday, as a volatile trading day, the Sensex rose 13.91 points or 0.05% to settle at 28,240.52, its highest closing level since 4 October 2016.
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