This was a week of quite better than the past few weeks. Nifty started a journey of the week with 10738 and land up with 10791 marginal gain of 0.63%.
The sectors which played a crucial role in Positive bias are the Metals, Reality because of GST rate cut expectation.
PSU's because of infusion of Government Capital of 48,239 Cr.for boosting the credit growth and the capital requirement of the banks PSU bank.
PSE entire sector has been rallied. Pharma, MNC's, Banks, Mid and Small Cap showed good performance.
China to Propose $30 Billion More U.S. Agriculture Purchases.
This may ease down some tension in world equity markets.
Optimism that the U.S. and China can reach a trade deal is rising, with another round of intensive negotiations in Washington this week, is that the talks have become a test of strength between the world’s two great powers.
Reliance Nippon Life AMC may soon see a change of ownership. Reliance Capital, which owns 42.88% stake in the fund house, has invited Nippon Life its joint venture (JV) partner to acquire its stake in the business. Currently, both partners hold equal ownership in the JV. It makes a buy call in Reliance
Nippon life AMC.
Next week Outlook - Nifty may rally in next week as well depend on the Indi- Pak tension situation, small cap, PSU, banks, pharma, and consumption along with FMCG is looking very attractive. Gold may fall in first few days for more rally technically.
Stocks of the week - Britania, Exide, Tata Elxsi, Bajaj finance, Bajaj Auto
Special Report - Indias small and micro Enterprises are turning Optimistic. here is the data.
