DALAL STREETface
INDIAN BENCHMARKS remained in a consolidation mode this week and traded in a ti grange. The key indices too traded in a narrow range throughout the week. Indian equities closed with small gains during the week ended May 08, 2015. The S&P BSE Sensex managed to settle above the psychological 27,000 level. The Sensex fell in three out of five trading sessions in the week.Further,Blue Dart Express rose 3.85%, after net profit advanced 13.3% to Rs34.74 crore on13.5% growth in net sales to Rs571 crore in Q4 March 2015 over Q4 March 2014. The INDIAN BENCHMARKS rose 94.08 points or 0.35% to settle at 27,105.39. The 50-unit CNX Nifty rose 10 points or 0.12% to settle at 8,191.50.
GLOBAL MARKET chase
ASIAN STOCKS rebounded following the return of stability in global bond markets though some caution among traders was still visible ahead of US jobs data and start of negotiations between Greece and its creditors due this weekend.
U.S. STOCKS index futures poised for a higher opening at the Wall Street on Friday.
EUROPEAN STOCKS led a rebound in European equity indexes on Friday after early poll results showed Prime Minister David Cameron's Conservatives were set to govern Britain for another five years
Week ahead
In the coming week,next batch of Q4 March 2015 results, macro-economic data and proceedings in parliament will dictate near term trend on the bourses. Trend in investment by foreign and domestic institutional investors will be keenly watched.On the macro front, the government will unveil data on inflation based on the consumer price index (CPI) for April 2015 on May 12, 2015. On the same day, the Index of Industrial Production (IIP) data for March 2015 will also be released.The government will unveil data on inflation based on the wholesale price index (WPI) forApril 2015 on May 14, 2015. policy Meeting of Bank of Japan (BOJ) is scheduled on Thursday,30 April 2015.
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