 |
| Capitalstars Financial Research Pvt. Ltd. |
Indian markets created history last week with both benchmark indices rallying over 2 percent each. The S&P BSE Sensex gained 840 points or 2.3 percent while the Nifty50 rose 268 points or 2.43 percent for the week ended 27 July.The benchmark indices might have risen by a little over 2 percent but nearly 30 stocks on the BSE rose 20-40 percent in the same period.
As many as 8 stocks from the S&P BSE 500 index rallied over 20 percent in the last five trading sessions which include names like Inox Wind, Vijaya Bank, Prism Johnson, Dilip Buildcon, REC, Shriram Transport Finance, Reliance Capital, and Jindal Saw.The S&P BSE Midcap index rose 4.7 percent while the S&P BSE Smallcap index gained 4.6 percent for the week ended July 27.
Some investors are raising the concern that if the broader market keeps on under performing the rally which we are witnessing in the largecap space might not last for long. However, experts feel otherwise.
Data suggests that the broader market is under extreme pressure with worst performer being the real estate sector which is still trading below 85 percent to its lifetime highs and second-worst performer is the Infra index which is still trading 50 percent below its lifetime high.
The Sensex rose 352 points, or 0.95 per cent, to end at 37,337, led by gains in index heavyweight ITC, whose shares rose 5.24 per cent. The index posted an all-time high every day this week. The Nifty gained 0.99 per cent, or 111 points, to end at 11,278, with 35 of its components ending with gains. The Nifty Smallcap 100 and Nifty Midcap 100 index, too, ended with gains of around a per cen.
Market players said the next big triggers would be policy announcements by the Reserve Bank of India (RBI), European Central Bank and US Federal Reserve. The RBI, which increased policy rates in June for the first time since 2014, is set to review its monetary policy on August 1.
Intel Corp shares sank 8.6 percent after the chipmaker's data centre business missed estimates amid stiff rivalry from Advanced Micro Devices Inc shares rose 3.2 percent.The Dow Jones Industrial Average fell 76.01 points, or 0.3 percent, to 25,451.06, the S&P 500 lost 18.62 points, or 0.66 percent, to 2,818.82 and the Nasdaq Composite dropped 114.77 points, or 1.46 percent, to 7,737.42.The Nasdaq exceeded Thursday's losses to register once again its biggest daily percentage drop in a month.
For the week, the Nasdaq shed 1.06 percent, but the S&P rose 0.61 percent. The Dow, cushioned by promising developments in trade relations between the United States and the European Union earlier this week, added 1.57 percent.
for more update you can contact us :
Get free trial Click here: http://www.capitalstars.com/free-trial
No comments:
Post a Comment