Weekly Market Round-off by Shrikant Chouhan, Head of Equity Research, Kotak Securities
Below the Quote on Weekly Market Round-off by Shrikant Chouhan, Head of Equity Research, Kotak Securities
Equity markets were in a uptrend this week with all the major indices posting gains. The Nifty-50 and the Sensex-30 index moved more than 1% this week, as Asian markets rallied on the back of broad economic support undertaken by China. BSE Midcap and BSE Smallcap indices were also higher, but underperformed the larger index. On a sectoral basis, most of the indices saw healthy gains with BSE Metals, BSE Oil & Gas and BSE Auto being the major outperformers.
Crude oil price remained under pressure with Brent crude hovering closer to $70 per barrel mark. China’s equity market saw a sharp rally this week amid China’s central bank announcing measures to stimulate their economy. In the US, the market participant will now focus on the core personal consumption expenditures price index data.
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