27-31 March Weekly Stock Market Reports, Monday Nifty prediction tomorrow

The benchmark indices clocked modest gains in the week ended Friday, 31 March 2017 as the sentiment was kept up after the Lok Sabha cleared GST allied four bills taking a biggest reform, on 29 March 2017. The overall broader market sentiment was positive during the week. 

In the week ended Friday, 31 March 2017, the BSE Sensex rose 199.10 or 0.68% to settle at 29,620.50, while the NSE Nifty-50 index rose 65.75 points or 0.72% to settle at 9,173.75. The BSE Mid-Cap index climbed 247.47 points or 1.79% to settle at 14,096.65 whereas the BSE Small-Cap index gained 356.25 points or 2.53% to settle at 14,433.86, outperforming the Sensex. 

The first trading Monday, 27 March 2017 began on a passive note as the key benchmark indices settled with modest losses on negative global stocks, when the Sensex lost 187.96 points or 0.64% to settle at 29,233.44, its lowest closing level since 22 March 2017. 

Key benchmark indices registered modest gains on Tuesday, 28 March 2017, along with other global stocks. The Sensex rose 172.37 points to settle at 29,409.52, as the highest closing level since 24 March 2017. 

On Wednesday, 29 March 2017, the benchmark indices clocked gains accompanied by positive global cues and positive US consumer confidence data. The BSE Sensex, advanced 121.91 points to settle at 29,531.43. 

On Thursday, 30 March 2017, the benchmark indices posted modest gains after the Lok Sabha nodded four legislations to give shape to the GST bill, when the Sensex rose 115.99 points to settle at 29,647.42, as a highest closing level since 17 March 2017. The day witnessed volatility because of Future & Option derivatives contract expired on the day. 

Friday, 31 March 2017 was also a day of volatility when the BSE Sensex settled lower by falling 26.92 points to settle at 29,620.50, its lowest closing level since 29 March 2017.

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