Weekly Action
Nifty, -0.9%; Sensex, -0.3%; Nifty Midcap, -6.9%; Nifty Smallcap, -7.9%; Model Portfolio, 0%.
Market Pulse : Rally Attempt
Weekly Market Review
Nifty, after a gap-up opening, gave up its gains to close flat for the day. The index advanced for the fourth consecutive day. However, due to massive fall on Monday (-12.9%), Nifty declined around 1% for the week.
Barring Nifty IT (+2.1%), all the sectoral indices closed in negative territory for the week. Nifty Metal (-8.3%) and Auto (-8.1%) declined the most.
Continue reading “Weekly Big Picture : Metal and Auto Stocks Most Affected.”