Market Action – last Week (7-Aug-2017 - 11-Aug-2017)
Taking cues from geopolitical tension the Benchmark Index Nifty on 11th August fell more than 100 points from its previous day low of 9776. The Index made a low of 9686, the Index opened at 9712 and closed at 9711. Last Week Index fell 3.53% registering the highest weekly fall in last 1 year.
Bank Nifty made low of 23868 and closed at 23896. The Index oped at at 23958 and made a high of 24191. The Index fell for the forth consecutive day. Last Week the Index fell 3.39%, this was the second time the Index fell more than 3% in last one year.
The Cash Market Benchmark Index Small Cap recovered 268 points from its low of 6938 and closed at 7166. The Index gave a highest negative weekly closing by falling 6.56% in Last week.
FII & DII activity in cash market
In last 10 days FII and DII were buyers in the cash segment. In combined they have bought stocks worth Rs.2937.64 Crore.
Open Interest for Index Options
In last ten days FII and Pro has created a net sell position of 324095 contracts, this creates a caution for bulls in the market. However major selling is done in the market, so market may find support of its 5 week low of 9646.
International Market Update
In International markets, S&P500 gave breakout of its range low of 2460 and is currently trading at 2441. German Index Dax yesterday closed 11992 breaking its range low of 12087. Market slightly recovered from it low on account of profit booking. Positive sentiment was also generated by a report from the Labor Department showing just a modest uptick in consumer prices in the month of July. The smaller than expected increase in consumer prices has led to optimism that the Federal Reserve will not be in a hurry to raise interest rates.
Sector Performance Last Day from Day Low
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1. The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of the research team. Users are advised to use the data for the purpose of information and rely on their own judgment while making investment decision
2. Past performance is not an indicator of future returns.
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