Free float method for nifty led the volatality in last week. Weak global cues dragged the Indian indices lower in the initial part of the week, Concerns over below-normal monsoon add some pressure also. Expiry of derivatives contracts for the June series led to volatile movement on the bourses. BSE sensex rose by 1.7% during the week. NSE Nifty also gain 1.4% to end at 4376. Positive news flow and increase in weitage of L&T in the Nifty attributed to a 6% jump in capital goods index. Power and banking stocks werw in demand on the back of budget expectations. How ever, delay in monsoon raised fear about slowdown in auto sales, led the auto stocks lower over the week.
Top Gainers:- LT, ACC, HDFC, ICICIBANK, GRASIM
Top Losser:- RANBAXY, TATASTEEL, M&M, HDFCBANK, NTPC
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4 comments:
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Nice blog do you have friend, I have PR2 can we to Excange link in my Financial Services
Nice blog do you have friend, I have PR2 can we to Excange link in my Financial Services
Nice blog do you have friend, I have PR2 can we to Excange link in my Financial Services
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