Stock market weekly review News

BSE Sensex and the NSE Nifty50 -- are expected to take cues from quarterly results, along with macro-economic data points and the flow of foreign funds during the upcoming week.

The benchmark indices saw biggest weekly gain since late May, soaring 439.02 points to finish at 31,360.63, while broader Nifty snapped its three- week losing streak, garnering 144.90 points to close 9,665.80.

In a holiday-truncated week the headline indices came under pressure, weighed down by losses in global markets and worries of a temporary business disruption due to GST rollout.

The stock market ended divergent for week with benchmark sensex gaining 81.81 points, to finish at 31,138.21, while Broader Nifty ending with modest loss of 13.10 point to conclude 9,574.95 .

There had been concerns that higher interest rates in the United States will boost returns on US debt and bank deposits, drawing money back from riskier markets.

Equities found lack of direction and were left with little to show in a highly volatile trading week after RBI poured cold water on early market optimism concerning an interest rate cut even as global political uncertainty took centre stage in major economies.

Market posted fourth consecutive weekly gain, with BSE Sensex ending new closing highs at 31,273.29 and the broader Nifty settling at record closing peak at 9,653.50.

Markets sailed to hit new record highs of 31K on strong buying, thus logging a continous third consecutive weekly gains, while the broader Nifty touched 9,600-level for first time ever during the week.

Markets continued to rule firm for the second straight week on persistent buying mainly in FMCG and Metal counters following finalisation of GST rates for bulk of the items.

The benchmark Sensex zoomed to mark new life highs, while gaining 329.35 points to conclude 30,188.15 for the week, while broader Nifty registered above the key 9,400-level.

Benchmark indices put on a sluggish performance in this truncated week. After posting solid gains in the last week, benchmark indices ended the week in red owing to Friday's steep fall.

Here is looking at five main reason behind the slump in stock market this week.

The benchmark S&P BSE Sensex resumed lower and remained in negative terrain throughout the week, moving between a wide range of over 870 points.