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Weekly Overview of Market for the Weed ended Friday- Free Stock Tips

Free Stock Tips, Indian Stock Market, Share Tips, Online Trading Tips, Online Trading on Mobile, Intraday Trading Tips, Weekly Market Update, stock Tips TomorrowStock markets on Friday witnessed a milestone week as the BSE Sensex jumped 35,500 marks, while the Nifty hit the 10,900 levels. Sensex, Nifty kept hitting fresh life-time peaks all through the week after announcement of a decrease in additional borrowing, that led market to new highs.

Continued Foreign Institutional Investors’ (FPI) inflows and fresh spell of buying by domestic institutional investors (DII) also kept the impetus going for the domestic Exchanges. As per provisional data by the exchange, FPIs put in Rs 625.13 crore in stocks on net basis Friday, while DIIs bought shares worth Rs 168.61 crore.

Additionally, buoyancy over encouraging Q3 earnings by some other companies and forthcoming Budget boosted sentiment.

Banking stocks made stellar performance after reports stated that the government was considering increasing the foreign investment limits for banks.  Further, the GST Council meeting decided to slash rates on 54 services and 29 goods. The new rates will come into force from January 25.

Hindustan Unilever Limited beat market expectations while Yes Bank, HDFC Bank and HCL Technologies Limited emerged with results that were in line with estimates. However, Bharti Airtel and Hindustan Zinc Limited were below expectations.

For the week, the benchmark indices Sensex and Nifty both gained by 2 percent each.

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Nifty, Sensex hit fresh closing highs; Markets views heavy selling pressure

Free Trading Tips, Stock Recommendation, Free Equity Tips, Market Update, Online Share Tips, Share Market, Indian Share MarketSocks Markets witnessed intense volatility after hitting an all-time peak during intraday trade, however, the Nifty still managed to close the session at a record peak.

The NSE Nifty ended at 10,817 up by 28.45 points for the first time, led by a rally in banking stocks, while the BSE Sensex spiked to 35,260.29, up 178.47 points. Heavy selling pressure witnessed in Reliance, Tata Steel, Adani Ports and SBI stocks in the afternoon session.

Shares of ITC Ltd, HDFC twins, Mahindra and Mahindra, Kotak Mahindra Bank, ICICI Bank, IndusInd Bank and Tata Consultancy Service emerged as the major gainers on Thursday, rising up to 2.7 percent.

Bank Nifty outshined in today’s trade mainly due to an expectation of enhancing in FDI in the banking sector.

Metal stocks witnessed heavy selling pressure after reports come out that the U.S has imposed anti-dumping duty on stainless steel flanges from India. The Nifty Metal index declined 2.89%, which was the second biggest loser on the NSE after realty pack.

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