Key benchmark indices close positive in the third consecutive week with the market sentiment boosted by Narendra Modi's victory in general elections. Investors are bullish now on Realty and Power stocks and its BSE indices closed more than 23% and 17% up respectively. Buying support also witnessed in PSU and Metal stocks. Investors will closely watch policy announcement from the NDA government. Going ahead, macroeconomic data, trend in investment by FIIs, trend in global markets, the movement of rupee against the dollar and crude oil price movement hold key.
Techno- Funda Recommendation
Though the prevailing trend of benchmark index is up in our technical trend sheet of our daily newsletter but considering the present market situation and already running positions, we are not initiating fresh recommendation this week. For pending recommendations, we have updated all the relevant information.