Last week was one of the most crucial ones of the year 2017, as investors, traders, corporates and even common man were waiting in anticipation as to what Finance Minister Arun Jaitley would do in his fourth Union Budget.
Thankfully, the Budget 2017 was not all that bad as it had been anticipated, which led to a breakout in the market. The Nifty50 broke above its crucial psychological level of 8,700, while the S&P BSE Sensex reclaimed Mount 28K.
After a jittery start to the week, the Nifty50 managed to close 1.1 per cent higher while the S&P BSE Sensex gained 1.3 per cent during the week ended 3 February. The S&P BSE Midcap index closed 2.5 per cent up while the BSE Smallcap index ended 2.4 per cent higher.
"The wow moment was the absence of any negatives in the Budget. The market was extremely nervous about the tone and tenure of the government discussions and speeches before the Budget and it appeared an almost an ..
Thankfully, the Budget 2017 was not all that bad as it had been anticipated, which led to a breakout in the market. The Nifty50 broke above its crucial psychological level of 8,700, while the S&P BSE Sensex reclaimed Mount 28K.
After a jittery start to the week, the Nifty50 managed to close 1.1 per cent higher while the S&P BSE Sensex gained 1.3 per cent during the week ended 3 February. The S&P BSE Midcap index closed 2.5 per cent up while the BSE Smallcap index ended 2.4 per cent higher.
"The wow moment was the absence of any negatives in the Budget. The market was extremely nervous about the tone and tenure of the government discussions and speeches before the Budget and it appeared an almost an ..
Going by the buzz on Dalal Street, here is a list of five factors that could chart market direction during the week:
RBI policy review: After the Union Budget, the next important event to watch out is the Reserve Bank of India's monetary policy review. The two-day meet will take place over February 7-8. Most analysts are expecting a 25 bps rate cut from RBI on Wednesday.
RBI policy review: After the Union Budget, the next important event to watch out is the Reserve Bank of India's monetary policy review. The two-day meet will take place over February 7-8. Most analysts are expecting a 25 bps rate cut from RBI on Wednesday.
source code: http://economictimes.indiatimes.com/markets/stocks/news/five-factors-that-are-likely-to-chart-market-direction-this-coming-week/articleshow/56980174.cms
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