weekly market report 30-01-2017 to 03-02-2017
TRANSCRIPT
Format No: RH/ETE/WR Revision No: 0
Date: 2 July 2012
For Week Ended
CEO’s Desk
This week, the index started trading with a flat note and continued in a narrow range further on Monday. A marginal correction was seen on Tuesday followed by a positive opening on Wednesday, the budget day. The positive opening was followed by a bull rally post noon with a gain of 1.81% closing above 8700 levels for the first-time post Oct 24,2016. The next two days also witnessed positive trading sessions. The index gained 1.5% during this week Resistance for Nifty – 8367/8135 Support for Nifty - 8498/8386
Capital Market Round-up
Index 30-Jan 3-Feb % Change
Sensex 27,850 28,241 1.40%
Nifty 8,633 8,741 1.25%
BSE Midcap 13,001 13,285 2.19%
BSE Small cap 13,070 13,422 2.70%
Major Market Indicators
Index 30-Jan 3-Feb % Change
Re / $ 67.92 67.13 -1.16%
Crude INR 3,575 3,614 1.09%
Gold INR 21,920 22,000 0.36%
Sectoral Market Indices
BSE Index 30-Jan 3-Feb % Change
Bankex 22,395 23,138 3.32%
Capital goods 14,837 15,096 1.75%
Health Care 15,004 15,255 1.67%
Information Technology
9,879 9,699 -1.82%
Metal 11,791 11,890 0.83%
Oil & Gas 13,052 13,100 0.37%
Power 2,182 2,181 -0.02%
Global Market update
Index 30-Jan 3-Feb % Change
Dow Jones 19,971 20,071 0.50%
Nikkei 19,369 18,977 -2.02%
Hang Seng 23,361 23,129 -0.99%
FTSE 7,118 7,188 0.98%
For the Week Ended 30-01-17 to 03-02-17
Market Commentary
Past Week, Sensex moved up by 1.40% and Nifty was up by 1.25%. Rupee appreciated 1.16% to 67.13USD.
Top gainer of the week is Idea Cellular Ltd. (10.95%) and top loser is Bharti Infratel Ltd. (-7.35%)
Economic News
Budget 2017: Why 25% hike in capital spend is actually only 11%. Read More
Indian economy to grow 7-7.5 per cent in FY'18: Arvind Panagariya. Read More
Subsidy bill up by 5 per cent in April-November 2016: Economic Survey. Read More
Industry News
AU Financiers files draft papers for IPO. Read
More
Reckitt Benckiser in talks to buy Mead Johnson
for $16.7 billion. Read More
Mphasis picks Syntel’s Nitin Rakesh as CEO.
Read More
Format No: RH/ETE/WR Revision No: 0
Date: 2 July 2012
Media Coverage
Coverage: Rediff 1st Feb, 2017
Topic: Rediff Q: Will this Budget be a gamechanger?
Read More
Learning Centre
Law of One Price: The law of one price is the economic theory that the price of a given security,
commodity or asset has the same price when exchange rates are taken into consideration. The law of
one price is another way of stating the concept of purchasing power parity. The law of one price exists
due to arbitrage opportunities.
Source: Investopedia
New Product Information
Axis Emerging Opportunities Fund Series 2 (1400 Days) - Direct Plan
NFO Opens on: Feb 03, 2017; NFO Closes on: Feb 17, 2017
Type: Close Ended
Fund Class: Equity: Mid Cap; Investment Plan: Growth, Dividend
Fund Manager : Anupam Tiwari / Jinesh Gopani
Min Investment: Rs. 5,000;
Riskometer: Moderately High; Benchmark: S&P BSE Mid Cap
Right Horizons Research Team
Mr. Dattatreya B K Head of Research [email protected]
Ms. Nibha Valsan Business Analyst [email protected]
You can also reach us at [email protected]
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