Business News This Week
The Indian stock market - Nifty, BSE (Sensex) was full of volatile across the week. The week was bit favorable for the investors at the end of it. The BSE - Sensex had been shedding down across the week, but managed to get the investors confidence back as it was up 523 points. In the week end, the Nifty has also registered very impressive growth of 145.05 points.The BSE Sensex was at 18,401.42 points on 20 Aug, Friday. Across the week, the realty, midcap, oil, steel, IT, banks and other indices were volatile though. The Hindu reports that "FIIs were net sellers to the tune of Rs 702.7 crore, while the domestic institutions were net buyers for Rs 283.4 crore, according to data on NSE". The next week the market would start from high points and any global worries would make it more volatile.
Markets may pull back till 5400 and surge again, be cautious with your longs and buy only when markets pull back. Markets have to break 4700 decisively in September itself, else NIFTY can reach 6536 in next 3 months before crash ensues http://marketsinandout.blogspot.com/
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