Before markets start experts say, on the domestic front, RBI meeting, which is the first meeting after Mr. Shaktikanta Das promised as a new RBI governor and assumptions on 0.25% rate cut and rupee fluctuations. On the global front, Crude oil prices are worrying and FII withdrawals and international politics and trade heat may influence.
On Monday: Week start day indices blown up with green and made the 3rd profit days in continuation with last week. BSE rose to the highest level since last year September. Large-cap IT stocks are coming up with good growth and RIL shares also supported by buying. Maximum day fluctuated between losses due to impairment in rupee and crude oil fluctuations but conclude the days with profits. S&P BSE Sensex and NIFTY 50 gained 113 and 19 points respectively.
NIFTY 50: Open:10876.75, High:10927.9, Low:10814.15, Close:10912.25
S&P Sensex: Open: 36456.22, High:36622.77, Low:36225.48, Close:36582.74
On Tuesday: Indices ended with the green on RBI rates choppy session day and it’s also a 4th consecutive profit day. Banking and Automobile stocks rioted with buying support and supported and RBI MPC meeting leads indices on the positive side of the graph strengthen. Rupee fluctuations are pushing back the investors from positive sentiments. S&P BSE Sensex and NIFTY 50 gained 34 and 22 points respectively.
NIFTY 50: Open:10908.65, High:10956.70, Low:10886.70, Close:10934.35
S&P Sensex: Open: 36573.04, High:36727.83, Low:36495.83, Close:36616.81
On Wednesday: Third day in the week and 5th consecutive profit day to the indices. Indices reached 5 months high, Nifty 50 reclaimed 11,000 points mark for the first time since 1st October 2018. Buying support from Domestic and Foreign Institutional Investors on Wednesday and hoping for RBI MPC Meeting and IT, Metal, and Financial Services based stocks are attracting the indices graph towards up. S&P BSE Sensex and NIFTY 50 gained 358 and 128 points respectively.
NIFTY 50: Open:10965.10, High:11072.60, Low:10962.7, Close:11062.45
S&P Sensex: Open: 36714.54, High:37005.25, Low:36680.88, Close:36975.23
On Thursday: Finally, a resume happened to the continuous profit days to the S&P Sensex but NSE continued its profits but slightly positive on Thursday. RBI 0.25 bps cuts weren’t impressed the investors and investors booked out the profits at high margins. Real Estate, Banking, and Automobile stocks faced volatility pressure. S&P BSE Sensex lost 04 and NIFTY 50 gained 07 points.
NIFTY 50: Open:11071.7, High:11117.6, Low:11044.4, Close:11069.40
S&P Sensex: Open: 37026.56, High:37172.18, Low:36898.8, Close:36971.09
On Friday: Indian benchmark indices BSE S&P Sensex plunges over 420 points which is Sensex dropped over a percent and Nifty 50 gives up 11,000 mark. Witnessed intensified selloff in the last hour, which dragged the markets to lower side. Across sectors, selling was visible, with maximum pain seen in Automobiles, Consumption, Metals, and Infra companies, among others. S&P BSE Sensex and Nifty 50 lost 425 and 126 points respectively.
NIFTY 50: Open:11021.80, High:11040.8, Low:10926.25, Close:10943.60
S&P Sensex: Open: 36,873.59, High:36885.58, Low:36480.62, Close:36546.48
In the total week BSE gained 77 points or 0.22% and NSE 50 points or 0.46% respectively