LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Market manage to end with gains, up 131 points for the week

Ripples of massive PNB scam continued to drag the market momentum during the week trade

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Market manage to end with gains, up 131 points for the week
The Nifty also resumed the week up at 10,488.90 and and traded between 10,499.10 and 10,302.75 before ending the week at 10,491.05. Image source: Reuters
Written By: PTI
Updated: Sat, Feb 24, 2018
02:32 pm
PTI
RELATED NEWS
Insight: Markets' upward bias likely to continue Insight: Markets' upward bias likely to continue
Market Outlook: From Budget expectations to Q3 results, what all will chart the course of markets in the weeks to come Market Outlook: From Budget expectations to Q3 results, what all will chart the course of markets in the weeks to come
Sun Pharma shares tumble 13% on report of fresh allegations by whistleblower Sun Pharma shares tumble 13% on report of fresh allegations by whistleblower
Crude is a blood pressure of market; its range sets the mood of the market: Basant Maheshwari Crude is a blood pressure of market; its range sets the mood of the market: Basant Maheshwari
Assembly Election results: This bank makes you rich today, as it gains by 8% on BSE; Did you invest? Assembly Election results: This bank makes you rich today, as it gains by 8% on BSE; Did you invest?

The market managed to end with gains for the week in a volatile trading activity, the BSE Sensex rose 131.39 points to close 34,142.15, while the Broader Nifty gained 38.75 points to conclude at 10,491.05.

Ripples of massive PNB scam continued to drag the market momentum during the week trade, opening on a weak note uncertainties bridled investor sentiments leading to selling pressure in PSU, Metals and banking counters in the midst of F&O February derivative expiry week.

Fitch rating agency placing PNB on negative watch' amid possibilty of downgrade, accelerating inflationary concern in RBI policy meet minutes and initial US Federal Reserve hawkish stance, sliding rupee over three month lows pressured the market sentiment.

However, market played on fundamentals and succussful corporate growth rates year after year as the key indices recovered on shortcovering bouts as well as bargain hunting, while buying in IT stocks lifted by the optimism of software industry body Nasscom on export growth gave much needed respite.
 

Also the March derivative series got off to a strong start amid firm global sentiment as investor resorted to buying- spree resulting to a broad- based rally.

The Sensex started the week higher at 34,053.95 and hovered between 34,167.60 and 33,554.37, it closed the week at 34,142.15, showing a gain of 131.39 or 0.39 per cent. (The Sensex ended flat by marginally rising by 5 points on previous week).

The Nifty also resumed the week up at 10,488.90 and and traded between 10,499.10 and 10,302.75 before ending the week at 10,491.05, showing a gain of 38.75 points, or 0.37 per cent.

Buying was led by IT, Teck, IPO, Metal, Banks, FMCG, and Consumer Durables sectors. While selling was led by Auto, Capital Goods, Realty, Oil&Gas, PSUs, Power, HealthCare segments.
Broader the midcap and smallcap also witnessed selling pressure. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Indian marketbroader NiftyPNB scamPSUMetalsBankingF&O February derivative expiry
RELATED NEWS
Insight: Markets' upward bias likely to continue Insight: Markets' upward bias likely to continue
Market Outlook: From Budget expectations to Q3 results, what all will chart the course of markets in the weeks to come Market Outlook: From Budget expectations to Q3 results, what all will chart the course of markets in the weeks to come
Sun Pharma shares tumble 13% on report of fresh allegations by whistleblower Sun Pharma shares tumble 13% on report of fresh allegations by whistleblower
Crude is a blood pressure of market; its range sets the mood of the market: Basant Maheshwari Crude is a blood pressure of market; its range sets the mood of the market: Basant Maheshwari
Assembly Election results: This bank makes you rich today, as it gains by 8% on BSE; Did you invest? Assembly Election results: This bank makes you rich today, as it gains by 8% on BSE; Did you invest?

LATEST NEWS

Gold Price Today 04-03-2021: EXCLUSIVE! Yellow metal may slide below Rs 44,000; check this money making idea

SBI preferred - Morgan Stanley upgrades Bank of Baroda, Punjab National Bank, Bank of India, Canara Bank

Call of Duty Mobile vs Garena Free Fire comparison: Here's all you need to know about these battle royale games

Wipro share price: Sharekhan maintains Buy with an unchanged price target of Rs 510

Pope Francis arrives in Baghdad for risky, historic Iraq tour

China sets modest GDP growth target as economy improves

Heranba IPO listing is a big success; now, experts unveil this money-making strategy - buy these stocks

DSSSB Recruitment 2021: Bumper Government Job vacancies at Delhi Jal Board, New Delhi Municipal Council, others; check details at dssb.delhi.in

BJP candidates list for West Bengal, Assam assembly election to be announced today?

One held for cheating job seekers in Navi Mumbai

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved