Business News This Week: Report on Weekly Stock Market

Business News This Week: Report on Weekly Stock Market

Business News The week :The week was full of volatile for the Indian stock markets, but at the end the govt’s move on MAT helped indices to end in positive note. Foreign Portfolio Investor (FPIs) worries abated after the government set up a high-level committee to look into the Minimum Alternative Tax (MAT) issue that triggered positive sentiments in Indian stock markets. 

The BSE 30-Share indicator – BSE Sensex resumed firm a hovered in a wide range of 27,603.71 points and 26,423.99 points before recovering to end with a small weekly rise of 94.08 points or 0.35 per cent, to end at 27,105.39 points. In the last three weeks, it crashed 1,868.07 points or 6.47 per cent. The 50-share CNX Nifty opened higher at 8,230.05 points and moved in a breath of 8,355.65 points and 7, 99.15 before closing at 8,191.50 points, a modest gain of 10 points, or 0.21 per cent.

Last Week:
BSE Sensex lost 1.55 percent and Nifty shed 1.49 percent. The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened slightly higher for the week at 27,565.49 points against previous close at 27,437.49 points. But it ended 426.63 points lower at 27,011.31 points with loss of 1.55 per cent.

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