Weekly Equity Report 19th-March-2018

MARKET 0UTLOOK

  • The market was MIXED during the week. The Sensex was DOWN 131.14 points while the Nifty was DOWN 0.31 % during the week. Nifty was in the range of 10180-10479
  • The Dow Jones Industrial Average rose 72.85 points, or 0.29 percent, to end the week at 24,946.51, the S&P 500 gained 4.68 points, or 0.17 percent, to 2,752.01 and the Nasdaq Composite added 0.25 point, or 0 percent, to 7,481.99. Friday’s gains came at the end of a rocky week dominated by concerns of a US trade war with China and political turmoil, which began with the ouster of Secretary of State Rex Tillerson. The S&P 500 and the Dow Industrials rose on Friday, boosted by strong industrial output numbers but the Nasdaq was barely changed at Friday’s market close, though all three of Wall Street’s major indexes posted losses for the week. For the week, the Dow fell 1.57 percent, the S&P lost 1.04 percent, and the Nasdaq dropped 1.27 percent. February industrial production jumped 1.1 percent, the largest increase in four months. Investors were also looking ahead to next week, when the Federal Reserve is expected to raise benchmark US interest rates. Rate-sensitive sectors, such as utilities and real estate, rose on Friday, but they could perform poorly if rates increase sharply. Energy led the major sectors of the S&P 500 with a 1.0 percent gain, as oil prices rose 1.7 percent.
  • For the week, the Sensex was DOWN 131.14 points while the Nifty was DOWN 0.31% during the week

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