Stock market weekly update (26 Sept-30 Sept ’16)

Market Performance this week.

  • The SENSEX and NIFTY, posted their biggest weekly falls since February. They also fell about 2 percent each in September, posting their first monthly loss in six months.

  • NIFTY ended up 0.23 percent on Friday at 8,611.15, but fell 2.50 percent for the week.

Stock market weekly update (26 Sept-30 Sept
  • SENSEX closed 0.14 percent higher at 27,865.96, but lost 2.80 percent for the week. Rising tension between India and Pakistan was the main reason behind this Sensex Crash over 500pts.

  • Indian shares edged higher in choppy trade on Friday, recovering from heavy losses suffered in the previous session after the government said it had conducted “surgical strikes” on Pakistan.

This weeks top Gainers.

[Weekly Gainer.]

Exchange. Company Company
NSE MRF AIAENG
NSE BALKRISIND SKSMICRO

This weeks top loser.

[Weekly losers.]

Exchange Company Company
NSE IFCI GMRINFRA
NSE ADANIPOWER ICICIBANK

Key events this week.

  • OPEC pledged to freeze crude oil production in a bid to boost crude oil prices, which do not augur well for a crude-importing country like India.

  • The US Congress finally passed the bill into law to allow families of 9/11 victims to sue Saudi Arabia, potentially having larger geopolitical ramifications across the world.

  • The threat of Saudi Arabia government selling US assets now looks like a reality, which can potentially rattle the financial world.

  • Investors should remain on the sidelines and wait for the market to correct before allocating fresh funds to stocks. The Nifty50 closed the week 2.50 per cent down at 8,611.

Summary
Stock market weekly update (26 Sept -30 Sept ’16)
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Stock market weekly update (26 Sept -30 Sept ’16)
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The SENSEX and NIFTY, posted their biggest weekly falls since February. They also fell about 2 percent each in September, posting their first monthly loss in six months.
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EQSIS
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