Asian Market Updates, Indian Market off on MahaShivRatri

On the first trading session of this week, due to the occasion of Maha Shivratri, Indian Stock Market, Currency Market and Commodity market will be closed for today and the trading will be continued on Tuesday. In Asian Market, Monday morning gave an average opening. The Japan’s benchmark index Nikkei has been dropped by 0.61% and went down to 16911 and the Hong Cong's Index is moving with the minor loss of 17 points. However, the China’s Index Shanghai is moving up with the hike of 0.20%. 

Weekly Update for the Budget Week

This week started with an impressive opening, Monday morning was quite stressful because of the upcoming budget and market was moving slow but the market starting falling heavily downwards as the budget was getting announced. After the completion of the full budget announcement, market surprisingly took a jump of approx 467 points on that day. While following the same trend the Indian Market closed with an approximate hike of 3.5% on Tuesday. Except the Telecom and Aviation, all other sectors had received major hikes on that day. The Stock Market seemed slowing down on Friday but still ended up with positive leads. Overall this week, Sensex hiked up by 1552 points and Nifty hiked up by 462 points. 

This week Rupee has received the gain of 2.2% against the Dollar and went up to the top of last 12 weeks. This whole Rupee has performed nicely and got closed at 67.08 with the hike of 26 paise on the last trading day. 

The week starting wasn't mach good for Mcx Commodities but in the last 2 days Mcx made a surprising recovery and ended up in green zone with positive leads. Overall this week, Gold hiked by approx 208 points and Silver hiked by approx 1700 points.

Gold Silver Rising but Sensex Nifty Flat

After giving a surprisingly performance on last 3 days, Indian Market seems stabilizing today. By the current updates, both Sensex and Nifty is going flat on border line with the minor loss of 4.20 and 4.15 points respectively. Except Banking, almost all the sectors are trading in green zone. Today, Rupee opened at 67.23 with the hike of 12 paise against the Dollar and its the 6th day Rupee has given a positive response. After going through a poor week, finally Mcx Commodity Market is recovering today. Both Gold and Silver is moving in positive zone with the respective hike of 125 and 268 points. Although, Crude oil its trading on boundary line but its performance is continuously getting better.