The market may move upward this week on strong global clues
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The market may move upward this week on strong global clues

The market may move upward this week on strong global clues

The market may move upward this week on strong global cluesMonetary policy meet of Reserve Bank of India and G-20 Summit outcome will drive the market sentiment in the coming week. According to experts, the last three week's consolidation due to strong global clues has made the market healthy and has formed a base for the extension of the up move towards our embarked target of 11100 points.

Equity benchmarks witnessed strong rebound during the previous week as it recovered its entire previous week decline and closed sharply higher by more than three percent on the back of strong global cues.

Broader markets underperformed the benchmark during the previous week as the Nifty Midcap and small-cap indices closed higher by 0.9per cent and 0.1 percent respectively.

BSE Sensex closed at 36194, up by 1213 points or 3.5 percent while the NSE Nifty closed at 10876, up by 350 points or 3.3 percent for the week.

Among the Nifty Constituents, Bajaj Auto, M&M, Maruti, Bajaj Finance, Bajaj Finserv, HDFC, Dr Reddy, TCS, Infosys, HDFC Bank, Kotak Bank, L&T, Hindustan Unilever, Reliance and Zee Entertainment were the top gainers whereas Bharti Airtel, Coal India, HPCL, NTPC, ONGC, Sun Pharma, Tata Motors and Yes Bank were the major draggers on the index.

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