Sensex was up by 371 points for the week to settle at 17604.96 on Friday.
The Indian markets ended this week on on a positive note with around 2% gain. This gain is in continuation for the 5th week in a row. Market moving North direction only due to FII’s are in purchasing mood and till now they invested Rs 13795 crores this year 2012. Last week FII’s invested Rs 4000 crore. Nifty ended at 5325.85 levels, up by 121 points.
IIP number would be the key data to watch next week. Key results to watch out next week would be HUL, M &M, Power Grid, Tata Power, Bharti Airtel, Hindalco, Cipla, Sun Pharma and Cadila. Markets are expected to take a breather in the forthcoming week. While short term bias remains positive above 5120 levels.
Sensex was up by 371 points for the last week to settle at 17604.96 levels. Nifty ended at 5325.85 levels, up by 121 points.
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