Weekly Equity Market Update By MarketMagnify
RANGE BOUND during the week. The Sensex was UP 97.02 points while the Nifty was UP 0.27 % during the week. Nifty was in the range of 10436-10582
The Dow Jones was up 220.74 points, or 0.88 percent, to 25,295.87, the S&P 500 gained 19.16 points, or 0.70 percent, to 2,743.15 and the Nasdaq Composite has also gained 58.64 points, or 0.83 percent, to 7,136.56. With the New Year’s Day holiday falling on a Monday this year, it was the strongest first four trading days to a year in more than a decade for all three major indices, according to Reuters data. For the Dow, it was the strongest start since 2003 and for the Nasdaq and S&P 500 it was the strongest since 2006. The Dow broke above 25,000 for the first time on Thursday, while the S&P closed above 2,700 on Wednesday and the Nasdaq settled above 7,000 earlier in the week.
Market was up over 2 percent for pretty good. Markets are still working to figure out the implications of tax cuts, and that’s provided some of the lift along with already good economic forecasts,” said Mike Baele, managing director at US Bank Private Client Wealth Management in Portland, Oregon.
NEWS AFFECTING INDIAN MARKETS
- FPI inflows on course for a record, may jump 5-fold in FY18
- Cargo traffic at major ports up 3.64% during April-December to 499 million tonnes
- Rupee mounts to 32-month high of 63.37 against dollar
- Revenue from passenger fare up by 5%, freight 8%: Railways
NSE WEEKLY GAINERS
|COMPANY NAME||DAY’S CLOSING PRICE (RS.)||PREVCLOSE||5 DAYS AGO (RS.)||5 DAYS RETURN (%)|
|APOLLO SINDOORI HOTELS LTD.||1649.60||1136.75||512.85||45.12|
|JET KNITWEARS LTD.||141.65||98.45||43.20||43.88|
|LINC PEN PLAST||507.00||360.65||146.35||40.58|
|INDEX||PREV CLOSE||CURRENT CLOSE||NET CHANGE||% CHANGE|
|DOW JONES INDUS. AVG||25,295.87||220.74||0.88||05-JAN-2018|
S&P NIFTY WEEKLY
BANK NIFTY WEEKLY
For Free Trial or Trading Tips, Please Visit www.marketmagnify.com or Give us a Missed Call on 7879881122.