The Last trading week was a very cheerful week for all the major Markets.
India: Direction less trading was observed during most of the trading sessions. On a week-on-week basis, the BSE Sensex gained 210 points or 2.4% to close at 8966.68, whereas, the S&P CNX Nifty ended at 2807.05, up by 88 points or 3.2%. Foreign Institutional Investors (FII) were net buyers in four trading sessions from March 13, 2009 to March 18, 2009. They still remain net sellers in this month. Also, during the week INR touched an all time high of almost 52 per USD. IMF mean while has cut India’s GDP growth for FY09 and FY10.
Other Asian Markets: China (up 7.2%) saw the largest gain in all Major Markets last week, Japan (up 5%), Hong Kong (up 2.5%) and Singapore (up 1.2%).
Global Markets: As for other global markets, Europe ended the week on a firm note. France (up 3.2%), Germany (up 2.9%) and UK (up 2.4%) led the pack of gainers. However, the US (up 0.8%) also ended with marginal gains as investors remained cautious after witnessing a positive run in the week before.
[...] Posted March 23, 2009 at 8:42 am Last Week: All the Major Markets were up and BSE was up by around 2.4% for last week. For more details, check Review of Last Week . [...]