During the last week, the Nifty remained under sustained selling pressure. After making highs at 8330, it re- mained in the red in all five trading sessions to end the week at 8065. Nifty October series settlement was seen near its VWAP levels of 8130.
The BSE Sensex ended with a gain of 160 points at 25,262. The BSE Sensex opened at 25,188 touched an intraday high of 25,394 and low of 25,163. The NSE Nifty closed with a gain of 29 points at 7,736. The NSE Nifty opened at 7,731 hitting a high of 7,778 and low of 7,707.
The Nifty shed another 1% last week amid high volatility and tested 7350 during the week before recovering towards 7500. Intensity of selling pressure from FIIs also declined as they turned net buyers last week
The Nifty ended the week sharply negative as global sentiments turned weak. FIIs continued their selling spree and emerging markets stayed under pressure throughout the week. Index heavyweights also failed to surprise the Street.
After a sharp fall witnessed in the penultimate week, the Nifty saw some recovery and gained more than 3 %. The recovery was in line with global cues while European markets were up almost 5% last week
Markets resumed trade lackadaisically after a long weekend on Monday and ended with a cut of around 1% which dragged Sensex and Nifty below 25,650 and 7,800 levels respectively. The first day of the October F&O series re- mained edgy ahead of the fourth bi-monthly monetary policy review for the year 2015-16, which is scheduled to take place today. http://www.epicresearch.co/
he Indian equity market closed with healthy gains on wednesday starting on a positive note. Reliance Industries stole the limelight after it announced better than expected quarterly results. The stock surged over 5% and single handedly lifted the Nifty by 22 points today.
The market witnessed high-powered action in the last two days. After hitting fresh 52-week lows on Budget Day in- dices staged a recovery of sorts as they zoomed with absolute gains not seen in the last seven years. Bears had no- where to hide. Nifty Bank posted biggest single day gains in absolute terms since May 2015.
The Nifty ended the September series with a loss of close to 1 % while the banking index ended almost flat. During the week, the Nifty witnessed fresh selling near the highs of 8150 towards 7750 and later recovered marginally to- wards 7900. The recovery can be attributed to the short covering during settlement primarily in the banking space. http://www.epicresearch.co/research/weekly-reports/derivatives