I thought of adding yet another dimension to my blog by adding weekly updates from Indian stock markets thus covering the performance of benchmark Indian indices like BSE's SENSEX and National Stock Exchange's NIFTY. Other important things covered in these weekly posts would be stocks which remained in limelight, major weekly gainers and losers, major news which came across and role played by news and rumors on Indian Stock markets for every trading week.
So I start this weekly post with week 16/4/2012 till 20/4/2012.
Indian Stock markets weekly analysis (16/4/2012 till 20/4/2012):
Benchmark Indian stock index SENSEX gained 1.63 percent this week as investors looked happy on RBI cutting interest rates by 50 bps. The 30 component most watched index gained 279.33 points this week. Most of the sectoral indices also remained in green throughout the week. BSE Mid-Cap index rose 1.26 percent and the BSE Small-Cap index gained 1.49 percent respectively this week. As many as 24 components of SENSEX remained higher while 6 declined in this week.
The NSE 50-share broader index Nifty gained as many as 83.40 points to finish the week at 5,290.85. Mahindra and Mahindra and Maruti Suzuki lead the list of gainers for the week.
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