Stock Market Weekly Reports 15-19 May, Monday Nifty Prediction Tomorrow

Key indices registered modest gains in the week ended Friday, 19 May 2017 as optimism rose for a possible interest rate cut by the RBI after the latest data showed a sharp fall in headline retail inflation. GST Council fixing rates for the goods and services further aided sentiment. The Sensex gained in 4 out of 5 sessions of the week. Both the indices hit fresh record highs on intraday and on closing basis during the two weeks. 

The benchmark indices clocked modest gains and hit fresh record closing high on Monday, 15 May 2017, when the Sensex rose 133.97 pts or 0.44% to settle at 30,322.12, a record closing high. 

Investors rejoiced III-anniversary of BJP's Lok-Sabha elections victory on Tuesday, 16 May 2017 as key benchmark indices clocked good gains hitting fresh record highs. The Sensex gained 260.48 pts or 0.86% to settle at 30,582.60, a record closing high. 

The indices registered modest gains and hit new record highs on Wednesday, 17 May 2017 since buying drive continued unabated along with the bright prospects of monsoon rains and hope of further reforms by the government. The Sensex on the day rose 76.17 pts or 0.25% to settle at 30,658.77, a record closing high. 

The key benchmark indices settled with modest losses on Thursday, 18 May 2017 due to profit booking turned up on weak global stocks. The Sensex lost 223.98 pts or 0.73% to settle at 30,434.79, its lowest closing mark since 15 May 2017. 

A divergent trend was seen on Friday, 19 May 2017 as the Sensex, settled with tiny gains, whereas Nifty settled a bit lower. The Sensex rose 30.13 pts or 0.1% to settle at 30,464.92. From the Sensex pack, 15 stocks advanced and the rest declined.

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