NIFTY 5 Days Up
Indian Equity Market
Bank Nifty Future
Indian markets up 1.4% in this week, Nifty gained 78.55 pts & Sensex up 235 pts.
July exports grew 13.2% to $16.24 billion & imports rose 34.3% to $29.17 billion.
DJIA down 0.90% & S&P down 0.70% on fear over economic recovery narrowed.
Indian equity markets ended this week up 1.4% with Nifty gaining 78.55 pts to settle at
5530 while Sensex surged 234 pts ending at 18400. Nifty & Sensex started the week on
negative basis but gained almost 2% amid week owing to buying led in IT, Metal &
Pharma sector. Nifty breached its 5500 level this week & is now rangebound between
5450 – 5600. Nifty touched the weekly high of 5546 after two and a half years. The
sector that gained this week was Pharmaceutical, Metals, FMCG & Realty.
India’s food price index eased at 10.35% vs. 11.40% & Fuel price index is at 12.57%
vs. 12.66%. The crucial whole sale price index Inflation is marginally down at 9.97% in
July from a year earlier after remaining above 10% for five consecutive months. July
exports rose 13.2% to $16.24 billion, ninth straight month of expansion while imports
are up 34.3% at $29.17 billion. The crucial monsoon is still 3% below normal till now
since june1. The weat