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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