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Saturday, 25 March 2017

20 March-24 March Weekly market snapshot for the week ended 24 March 2017

equity report
Key indices staged some upturn towards the closing sessions of the week after registering defeat during the initial few sessions. Trading for the week registered a subdued start. Key benchmark indices floated lower on first trading session Monday, 20 March 2017, weighed by selling in Infosys, RIL and ICICI Bank. The Sensex lost 130.25 points to settle at 29,518.74, its lowest closing level since 15 March 2017. 

Key benchmark indices settled with little losses after registering intraday recovery in a volatile session of trade on Tuesday, 21 March 2017, when the Sensex fell 33.29 points to settle at 29,485.45, its lowest closing level since 15 March 2017. 

Key benchmark indices settled sharply lower on Wednesday, 22 March 2017, weighed by failing in global stocks over concerns regarding Trump's economic growth agenda. The Sensex lost 317.77 points to settle at 29,167.68, its lowest closing mark since 10 March 2017. 

The benchmark indices clocked modest gains in a solid session of trade on Thursday, 23 March 2017, by firmness in Infosys and RIL boosted gains on the domestic exchanges. The Sensex rose 164.48 points to settle at 29,332.16, its highest closing level since 21 March 2017. The indices clocked modest gains led by bank stocks on the weekend on Friday, 24 March 2017. The Sensex rose 89.24 points or 0.3% to settle at 29,421.40. 

Meanwhile, the Union Cabinet chaired has approved the four GST related bills on 20 March 2017. GST Council has decided 1 July 2017 as the date of start of GST.

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