INDIAN BENCHMARKS closed nearly unchanged but rose for the second straight week as gains in lenders such as State Bank of India were offset by profit-taking in some of the recent outperformers. The S&P BSE Se nsex fell 0.02% and CNX Nifty ended 0.02% higher each Further,The RBI in its first bi-monthly monetary policy statement for 2015-16 kept the reporate unchanged at 7.5%. Also, the cash reserve ratio CRRwas unchanged at 4%.The INDIANBENCHMARKS gained 619.24 points to settle at 28,879.38. The 50-unit CNX Nifty gained 194.10 points to settle at 8,780.35.
GLOBALMARKET chase
ASIAN STOCKS advanced near recent highs and are on track for weekly gains, with some investors betting the lustre would rub off on European stock markets.
U.S. STOCKS index futures poised for a higher opening at the Wall Street on Friday.
EUROPEAN STOCKS FTS Euro first 300 share index powered ahead to its highest level since 2000 on Friday as the euro hit its lowest level since mid-March.
Weekahead
In the coming week, quarterly earnings of India Inc, macro economic data, trend in global markets, investment by foreign portfolio investors (FPIs), the movement of rupee against the dollar and crude oil price movement will dictate trend on the bourses. Next week is a truncated trading week. The Stock Market remains closed on Tuesday, 14 April2015, on account of Dr. Baba Saheb Ambedkar Jayanti.Among micro economic data,The government will unveil data on CPI for March 2015 after trading hours on Monday, 13 April 2015.government will unveil data on WPI for March2015 at 12:10 noon on Tuesday, 14 April 2015.In global events, a monetary policy meeting of the Governing Council of the European Central Bank (ECB) on euro zone interest rates is scheduled on Wednesday, 15 April 2015. On the same day, in the United States, Fed's Beige Book survey will be released. On Thursday, 16April 2015, China will announce its Q1 gross domestic product (GDP) data.
CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave liable on linkedin and facebook. Get real time advice for Share Tips , Trading Strategies , Best Intraday Stocks , Stock Tips Free, MCX Trading Tips and all market updates. For 2 Days Free Trial ,Please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.
0 comments:
Post a Comment