This Week BSE Sensex gain 2.91%; Nifty rises 2.26 %

Equity market in India gained significantly snapping previous week’s loss this week ended April 10.BSE Sensex gained 619 points or 2.19 per cent and NSE Nifty rose 194.1 points or 2.26 per cent this week. On Friday, BSE Sensex opened at 28,889.27 points and ended at 28,879.38 points, down 5.83 points or 0.02 per cent.

The stock markets rallied following positive sentiments – Moody’s view on Indian Economy, RBI’s observation on the growth rate and the growth in the IIP for the month of February. The agencies view on Indian economy lifted the sentiments of the investors those witnessed choppy market trading last week. The industrial output data for the month of February rose by 5 per cent, which could be main tool to gauge the health of economy. Keeping view on the growth in industrial output, the market became more bullying this week. 

Experts believe that the stock markets will be bullying next week.