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Saturday, 13 May 2017

Stock Market Weekly Update- 8-12 May 2017, Nifty Prediction Tomorrow

The key equity benchmark indices clocked robust gains in the week ended Friday, 12 May 2017 when the BSE Sensex and the NSE Nifty scaled record highs, influenced by domestic and global cues. The IMD’s forecast on possible higher rainfall boosted the sentiments, as it is supposed to get impacted the rural income that in turn will positively affect the FMGC sector growth. 

Trading for the week began positively on Monday, 8 May 2017 as key indices settled with small gains after a range-bound trade when the Sensex rose 67.35 pts or 0.23% to settle at 29,926.15, as the closing level since 4 May 2017. 

The indices settled near the flat line on Tuesday, 9 May 2017, after hovering in a range-bound session of trade, when the Sensex had risen 7.10 pts or 0.02% to settle at 29,933.25, turning it as the highest closing level since 4 May 2017. 

The indices posted stellar gains on Wednesday, 10 May 2017, as the sentiment was boosted by chief of the Meteorological Department reportedly forecast monsoon rainfall than previously predicted. The day when Sensex had risen 314.92 pts or 1.05% to settle at 30,248.17, as a record closing high. 
The indices settled with minute gains on Thursday, 11 May 2017, after a range-bound trade as indices pared gains on profit booking due to lower European stocks. The Sensex on the day, had risen 2.81 pts or 0.01% to settle at 30,250.98, as record closing high. 

The benchmark indices settled with tiny losses on Friday, 12 May 2017, after a range-bound trade, since investors booked profits after indices clocked record highs on 11 May 2017. The Sensex Friday lost 62.83 points or 0.21% to settle at 30,188.15. 

The Week ahead:- Many companies’ profit postings together with FPIs & DIIs investment volume, global market trends, the movement of rupee V/s dollar and the price of crude oil will dictate trend on the stock exchanges.

Tomorrow (Monday) Stock Nifty Future Trading Calls On Mobile >>>>> CLICK HERE


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