Week-end Stock Report,Trade setup for the Week-ahead
December 28, 2018
Market Closing Friday:
Indian share markets posted their best 3-day rally in a fortnight, led by factors
like strong global cues, weaker crude oil price and strength in rupee. The BSE
Sensex rose 269.44 points to 36,076.72 and the NSE Nifty50 of the NSE advanced 80
points to 10,859.90. In the last three trading sessions, Sensex has risen 1.70%
and Nifty has advanced 1.83%.
Company, Sun Pharma, Indian Oil Corpn were among top gainers, while Bharti
Infratel, Bhara Petroleum and TCS lost the most. All the sectoral gauges of the
NSE ended higher led by Nifty Media index’s 1.93 percent gains, followed by the
marginal gains in Pharma and PSU bank.
The Nifty PSU Bank’s rise was factored by reports that the govt to infuse Rs 28615 crore into seven PSBs through recapitalization bonds by this month-end. United Bank of India shares surged 9.96 percent on the NSE after the govt decided to pump in Rs 2,159 crore in the bank.
in steel companies advanced media reports that India is in discussion with the U.S
over exemptions on steel tariffs. Among Steel company shares, SAIL rose 6.50% Jindal
Steel added 3.1, JSW Steel went up 1.72% and Jindal steel & power advanced 1.45%
reacting the news.