Bazaar this Week ( 11 to 15 May 09 )

by khalid on 17/05/2009 · 2 comments

BSE/NSE

BSE/NSE

Last Week ( 11 to 15 May 09 ) :

Indian markets continued previous week’s rally and completed the tenth straight week of gain. Trading remained volatile throughout the week. The market traded in the broad range of 3530-3720 during last week’s trade and closed the week at the higher end of the range. On a week-on-week basis, the BSE Sensex gained 2.5% to close at 12173. The S&P CNX Nifty ended at 3671, up about 1.4%. The realty sector outperformed the benchmark index. Volume throughout the week remained moderate. The unemployment rate in the US jumped to 8.9%, the highest level since 1983. The market sentiment was firm as foreign funds made heavy purchases.

Week Ahead ( 18 to 22 May 09 ) :

The market is expected to remain volatile in the near future ahead of the formation of the next government at the Centre. The counting of votes will take place on Saturday, May 16, 2009. Globally also, there are some important data lined up for release during the next week including US Industrial Production, US Housing Starts and US Initial Jobless Claims, which can direct the movement of the market in the coming week.

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{ 2 comments… read them below or add one }

jainmehul May 17, 2009

I was reading somewhere that the news of a very strong UPA govt. will boost the stock market sentiments in the coming few weeks.

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admin May 17, 2009

All analysts are of the same view that market will open with a huge positive gap on monday.
lets see

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