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Trade cautiously
Updated On: 06 August, 2018 07:05 AM IST | Mumbai | Arun Kejriwal
It's time to book profits and resist the temptation of buying stocks which do not have fundamentals

A man walks out of an Apple store in lower Manhattan. On Thursday, the company became the first American public company to cross $1 trillion in value. Apple stock is up more than 20% this year. Pic/AFP
The week gone by was volatile and had plenty of drama as well. It gained on three of the five trading days, with the last two days witnessing movement of over 350 points each on the BSESENSEX. While Thursday saw markets losing, Friday was a day of gains. The BSESENSEX gained 219.31 points or 0.58% to close the week at 37,556.16 points. NIFTY was up 82.45 points or 0.73% at 11,360.80 points. The broader indices saw the BSE100, BSE200 and BSE500 gain 0.85%, 0.95% and 1.04% respectively. BSEMIDCAP gained 1.82% while BSESMALLCAP was up 2.28%.
The top sectoral gainer was BSEHEALTHCARE up 4.41% followed by BSECONDUR 3.47% and BSEOIL&GAS 2.41%. The only sectoral loser was BSEAUTO down 0.61%. In individual stocks the top gainer was Dr Reddy up 8.76% followed by Lupin 8.01% and Bank of Baroda 7.69%. The top loser was Eicher Motors down 7.39% followed by HDFC Bank 3.87%, HDFC 3.55% and Tata Motors 3.46%. The Indian Rupee gained 4 paisa or 0.06% to close at R68.61. Dow Jones gained 11.52 points or 0.05% to close at 24,462.58 points. RBI raised interest rates on expected lines and repo rates now stand at 6.50%, up by 25 basis points. Similarly, reverse repo rates have been raised as well and stand at 6.25%. This was the second consecutive interest hike by 25 basis points.


