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Friday, May 15, 2015

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INDIAN BENCHMARKS remained in a consolidation mode this week and traded in a tight range. The key indices too traded in a narrow range throughout the week. Indian equities closed with small gains during the week ended May 08, 2015. The S&P BSE Sensex managed to settle above the psychological 27,000 level. The Sensex fell in three out of five trading sessions in the week.

Further, Blue Dart Express rose 3.85%, after net profit advanced 13.3% to Rs34.74 crore on 13.5% growth in net sales to Rs571 crore in Q4 March 2015 over Q4 March 2014.

The INDIAN BENCHMARKS rose 94.08 points or 0.35% to settle at 27,105.39. The 50-unit CNX Nifty rose 10 points or 0.12% to settle at 8,191.50.

GLOBAL MARKET CHASE

ASIAN STOCKS rebounded following the return of stability in global bond markets though some caution among traders was still visible ahead of US jobs data and start of negotiations between Greece and its creditors due this weekend.

U.S. STOCKS index futures poised for a higher opening at the Wall Street on Friday.

EUROPEAN STOCKS led a rebound in European equity indexes on Friday after early poll results showed Prime Minister David Cameron's Conservatives were set to govern Britain for another five years.   

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