Let’s closely evaluate the performance of Indian equities in the previous week.
Monday (March 07, 2011) Sensex opened in 18361.65 and closed in 18222.67, 263.78 points in red.
Same trend occurred in Nifty also. It closed 75.60 points in red.
The main reason for the negative trend was the problem of government with the DMK.
Large selling pressure occurred because of the instability of government.
The high price of crude oil also influenced the market.
Tuesday (March 08, 2011) was positive for Indian market.
The problems with the DMK were solved and the decision made by OPEC nations to increase the production of oil influenced the investors and FII.
Sensex closed in 18439.65 and Nifty in 5520.80
Wednesday (March 09, 2011) also Equities showed a positive trend.
Sensex closed 30 points in green and Nifty 10.2 points in green.
Anil ambani’s Reliance communication’s share price closed in 99.35 (9.36% hike).
The news that the company will get Rs. 87,000 Crores as loan from China development bank positively taken by the investors.
Thursday (March 10, 2011) Sensex closed 141.97 points and Nifty 36.60 points in red.
The main reason for the downward trend was the crude oil price.
The positive news about Inflation and Importing cannot hold the market.
The downward continued on Friday (March 11, 2011) also.
The earthquake and tsunami occurred in Japan affected the world market and Indian equities.
The sensex closed 153.89 points and Nifty 48.95 points in red.
Regards Hari " लोका समस्ता सुखिनो भवन्तु "
Posts
