Stock Market Tips- Weekly Reports, Commodity Tips Update:
Stock Tips - The benchmark indices ended higher on week ended Friday, 6 October, 2017, with the Nifty50 settling above its crucial 9,950 mark, buoyed by a jump in Tata Steel on its strong quarterly production numbers, while investors stayed cautious as Goods and Services Tax (GST) Council meeting went underway. Market gained in three out of four sessions in truncated trading week. In the week ended Friday, markets were on a hot streak as all the major indices shimmered.
Nifty closed up 0.92%, posting maximum gains since August 14, 2017. Nifty futures contract carried on to include fresh open interest to the tune of Rs.3.9 lakh shares, mainly long positions.
Stock Tips - The benchmark indices ended higher on week ended Friday, 6 October, 2017, with the Nifty50 settling above its crucial 9,950 mark, buoyed by a jump in Tata Steel on its strong quarterly production numbers, while investors stayed cautious as Goods and Services Tax (GST) Council meeting went underway. Market gained in three out of four sessions in truncated trading week. In the week ended Friday, markets were on a hot streak as all the major indices shimmered.
Nifty closed up 0.92%, posting maximum gains since August 14, 2017. Nifty futures contract carried on to include fresh open interest to the tune of Rs.3.9 lakh shares, mainly long positions.
Government data unveiled on Tuesday, 3 October 2017 indicating that India’s yearly infrastructure output rose 4.9% in August compared with a revised 2.6% Y-O-Y growth in July. India volatility index closed approximately 5% lower.
On Wednesday, 4 October 2017, RBI kept the policy repo-rate under the liquidity adjustment facility unchanged at 6% based on an assessment of the current macro-economic situation at its meeting. In effect, the rev-repo-rate under liquidity adjustment facility (L.A.F) remains at 5.75 per cent, and the marginal standing facility (M.S.F) rate and the bank rate remains at 6.25 per cent.
The S&P 500 eased on Friday, ending a six-day run of record highs as the first monthly decline in US nonfarm jobs in seven years dampened sentiment and pharmacy shares fell on Amazon competition fears.
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