WEEKLY EQUITY REPORT UPDATE BY MarketMagnify

WEEKLY NEWSLETTER EQUITY

The market was in BULLISH TREND during the week. The Sensex was UP 477.33 points while the Nifty was UP 1.55 % during the week. Nifty future was in the range of 10060-10515

The Dow Jones fell 28.23 points, or 0.11 percent, to 24,754.06, the S&P 500 lost 1.23 points, or 0.05 percent, to 2,683.34 and the Nasdaq Composite dropped 5.40 points, or 0.08 percent, to 6,959.96. Wall Street’s major indexes dipped on Friday in low trading volume before the holiday weekend as several blue-chipstocks slipped, including Nike.Nike Inc shares fell 2.3 percent after the company forecast muted growth in current-quarter revenue, reflecting its struggles in the North American market.UnitedHealth Group Inc was down 0.8 percent after the health insurer agreed to buy Chilean healthcare company Banmedica SA for USD 2.8 billion. Investors are winding down ahead of Christmas on Monday, when the market will be closed. Wildly volatile bitcoin plunged below USD 12,000, losing around a third of its market value in five days, before rebounding to above USD 14,000. Companies that have been riding the bitcoin wave were hit hard by the cryptocurrency’s slump.

For the week, the Sensex was UP 477.33 points while the Nifty was UP 1.55 % during the week. » Read more