Weekly Review of the Market : 18th Apr to 22nd Apr 2011

by khalid on 25/04/2011 · 0 comments

Last Week ( 18th Apr to 22nd Apr 2011 ) :-

Sensex was up 1.10% (215 points) to close at 19602 levels on a week-on-week basis. The FIIs were net buyers throughout the week and due to their buying spree the market was traded high most of the days of the week.

The S&P CNX Nifty also closed in GREEN by 59 points or 1.10% to close at 5884 levels on a week-on-week basis.

During the week, IMD forecasted near normal monsoons.

Semiconductor giant Intel, Yahoo, United technologies, IBM Corp and AT&T declared their nos which beat street estimates and gave upbeat guidance

Coming Week ( 25th Apr to 29th Apr 2011 ) :-

Volatility is likely to remain high. The overall index movement in the last couple of weeks has been broadly in the range of 5700-5950 levels. A sustained break on the either side of this trading band will define the further direction for the indices in the short term.

The major companies declaring their Q4 FY11 earnings would be Sesa Goa, Sterlite Inds, Bank of Baroda, Maruti Suzuki, ACC, Ambuja cement, Wipro.

Nifty has immediate support at the 5810 levels.

Stay tuned to BelltheBull Blog for more news on Indian share market !

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