It was a wonderful week for the Indian market which saw the indices pile on broad gains and break all resistance levels. The Nifty managed to briefly cross the 5900 mark, the first time since January 17, 2008, and the banking space posted life-time highs.
This week's performance was good and the numbers are:
- Sensex up 4.3% and Nifty up 4.5%.
- CNX Midcap index was up 1%.
- BSE Smallcap index closed flat over the week.
- BSE Realty index was up 4.5%,
- BSE CD index up 4%, BSE Bankex up 6%,
- BSE IT index up 3.2% and
- BSE Healthcare up 2.8%.
Nifty Weekly Report :-
Investments in stocks is definitely not for the weak. Knowing when to invest and when to sell without taking a huge hit I think would take years of experience. I have a lot of respect for those who know how to react to the stock markets without losing their shirt.
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