Markets Weekly review

This week was the best week for the Indian markets in the last 10, as it gained more than 4.3%, taking gains this month to 6%, after sliding 7.2% in October, which was its worst performance in a year. Foreign funds have moved $14.8 billion into Indian stocks this year, lifting the Sensex nearly 75%. In 2008, they had pulled out more than $13 billion and the benchmark fell over half.

The BSE Sensex hit an intra-week high of 16,910 and low of 16,147 while, NSE Nifty hit an intra-week high of 5,017 and low of 4,790.The National Stock Exchange’s 50-share Nifty closed at 4,998.95, a net rise of 202.80 points, or 4.23 per cent, from its previous weekend’s close.

For the past 5 days FII were daily net buyers, making a net purchase of worth 1,900 crs, indicating their interest in our Markets. DII’s too were net buyers overall.

The top gainers: The top gainers in the Sensex were Tata Motors (up 8.8%), Reliance Industries (up 8.3%), TCS (up 7.7%), ICICI Bank (up 7.1%) and Infosys (up 6.4%). SAIL rose over 10% during the week. The Finance Ministry is in talks with the Steel Ministry to sell stake in SAIL.

The Top Losers: The top losers in the Sensex were Bharti Airtel (down 5.6%), DLF (down 3.1%), Hindustan Unilever (down 1%), Ranbaxy Labs (down 0.5%) and Reliance Power (down 0.2%).

Tags: daily stock tips, hot stocks, hot tips, market weekly review, nse bse tips

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