Weekly overview of Stocks- Free Stock Trading Tips, Share Market Tips

free stock trading tips, Best Stok Tips, Share market tipsThe Indian equity markets staged a sharp recovery on the week ended Friday after Moody’s Investors Service upgraded India’s sovereign bond ratings to Baa2 and changed the outlook on the rating to Stable from Positive.

The benchmark Sensex opened the week at 33,397 and made a high of 33,520 and a low of 32,683 closing the week at 33,342. It closed the week with a gain of 28 points, while Nifty opened the week at 10,322, made a high of 10,343 and low of 10, 094 and closed the week at 10,283 whereby it closed the week with a loss of 38 points.

Investor wealth effectively surged by Rs. 1.71 lakh cr, boosted by a bullish trend, where the benchmark index Sensex rose by 236 pts and the index ended the day 235.98 pts higher at 33,342.80 while NSE Nifty added 68.85 pts to finish at 10,283.6.

Bank Nifty carried out its out performance and made a new record high in the passing week.  Nifty IT index is registering consolidation phase for past almost 1½ year and formed a strong base around the long-term moving averages.

Nifty FMCG Index traded sideways in the passing week and ended a bit lower whereas Nifty Pharma index ended lower by nearly one and a half percent in the passing week.

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