Weekly Review on Stock for the week ended 29-March
March 30, 2019
benchmark indices Sensex and Nifty ended 1% higher this week led by gains in
auto, metal, realty and pharma sectors.
This week recorded a strong gain for the Indian indices led by significant
foreign fund inflows ahead of election. Also markets boosted with expectation
of the RBI to reduce interest rate in this monetary policy decision. Further investors
are awaiting cues from the corporate results season which is going to commence from
middle of April month.
BSE Sensex closed on Friday at 38,673, up 127 points, while the NSE Nifty50
ended at 11,624, up by 54 points. In broader markets the Nifty Midcap index rose
1%, while the Nifty Smallcap was flat.
weekly basis, the Sensex and Nifty ended 1 percent each. On monthly base, in
March, the Nifty snapped 3-monthly declines to finish 7.7% higher, while Sensex
settled 7.8% higher.
sectors, the Nifty Media rose 2.3% Nifty Bank rose 2.8%, the Nifty Energy rose 2%,
the Nifty Metal rose 2% and the Nifty Pharma rose 1.6%
and financial substantially gained on the Nifty50 this week. Indiabulls gained
18% this week, Yes bank gained 8.7% SBI up 7.6% and Bajaj Finance up 6.5%.