Trading activity was comparatively low during F&O expiry week. FIIs were net buyers of equity worth Rs 1060 Crores, but they were net sellers on the last trading day of the month. DIIs were net sellers of equity worth Rs 1410 Crores during the week, as per provisional figures.
Sensex and Nifty failed to close above their respective down trend lines for the second week in a row and corrected, but received good support from their long-term moving averages.
Q4 (Mar '16) results are coming in thick and fast, with more hits than misses so far. PSU banks - and even ICICI Bank - have disappointed. If the initial trends are maintained, Q4 results may turn out to be better than Q3 results.
-- Sensex and Nifty failed to close above their respective down trend lines for the second week in a row and corrected, but received good support from their long-term moving averages.
Q4 (Mar '16) results are coming in thick and fast, with more hits than misses so far. PSU banks - and even ICICI Bank - have disappointed. If the initial trends are maintained, Q4 results may turn out to be better than Q3 results.
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/04/bse-sensex-and-nse-nifty-50-index-chart_30.html
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