Sensex rises 2% amid cautious optimism
Extending its previous week’s gains, the BSE Sensex surged 101.45 points, or 1.98%, during the last week to end at 5,218.46.
The market traded with cautious optimism throughout the week, rising at four occasions and dipping once. End of truckers strike, easing of oil prices and marginal fall in the inflation rate (for week ended 14 August) lifted the Sensex.
The market is expected to trade sideways in the coming week, awaiting fresh trigger to drive the sentiment.
There could be some negative bias in stock trading amid the worries that rising inflation may result in the high interest rates, which may affect corporate performance.
Pick for today Bombay Dyeing.
Buy Bombay Dyeing @ 160-165 --> 3/6 weeks view.
The market traded with cautious optimism throughout the week, rising at four occasions and dipping once. End of truckers strike, easing of oil prices and marginal fall in the inflation rate (for week ended 14 August) lifted the Sensex.
The market is expected to trade sideways in the coming week, awaiting fresh trigger to drive the sentiment.
There could be some negative bias in stock trading amid the worries that rising inflation may result in the high interest rates, which may affect corporate performance.
Pick for today Bombay Dyeing.
Buy Bombay Dyeing @ 160-165 --> 3/6 weeks view.
0 Comments:
Post a Comment
<< Home