Saturday 8 August 2015

Stocks Weekly Recommnedation by Moneymaker Indore

Weekly Wrap: - Market registered modest gains in what was a volatile trading week. Sentiment were upbeat as retirement fund manager Employees Provident Fund Organization (EPFO) entered the stock market through exchange-traded funds (ETFs) from Thursday, 6 August 2015, four months after it decided to invest in equities.

Meanwhile, the Reserve Bank of India (RBI) kept its benchmark lending rate viz. the repo rate unchanged at 7.25% after a monetary policy review on Tuesday, 4 August 2015. RBI Governor Dr. Raghuram G. Rajan left the door open for monetary policy easing.

The Sensex rose 121.83 points or 0.43% to settle at 28,236.39 last week. The Nifty rose 31.75 points or 0.37% to settle at 8,564.60.

The Q1 June 2015 corporate earnings season concludes next week.

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