Weekly Overview of the Market for the Weekend 9 Dec 2016, Tomorrow Stock Tips

Indian Stock markets have recouped to new highs recently on the back of growing optimism toward the outlook for the economy. Nifty advanced on strong note in this week and getting over 2 percent, bringing some relief to the participants. 

Smallcap & Midcap stocks ascended and outperformed their large cap peers. The BSE Midcap index grew 2.7% for the week, whereas the BSE Small cap index soared 1.7%. 

Among the BSE sectoral indices, Metal index was up 5.1% , Auto index up 4.1% and Realty index up 3.85% being the top gainers. The Oil and Gas index, PSU index and Bankex gained between 2.5% and 3.4%. 

Other major gainers for the week include Adani Ports (up 7.4%), Yes Bank (up 6%), Tata Steel (up 5.9%) and Tata Motors (up 5.45), while losers of the week included Bharti Infratel (down 7.2%), Sun Pharma (down 6.5%), TCS (down 1.2%) and GAIL (down 0.8%).  

Posted in: Indian Market Tips