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A quick look at what the markets were up to in the week gone by;
Benchmark indices reacted positively to the news of Fed interest rate hike on Thursday and continued positive momentum for second week running. Nifty surged 4.2% to close well above 17,000 mark while Sensex, up 4.3% closed just shy of 58k.
All the sectoral indices finished the week in green with Nifty Bank, Auto and Realty leading the gains, up over 5% for the week.
Here’s how the major markets around the world fared;
Primary market will be back in action after a brief pause as Ruchi Soya’s Rs. 4,300 crore follow-on public offering (FPO) will be opening for subscription on 24th March and will close on 28th March. The company has set price band of Rs. 615 - 650 for the issue. You can check out more details here: Everything You Need to Know About Ruchi Soya FPO
|21 Mar||22 Mar||23 Mar||24 Mar||25 Mar|
|China||PBoC Loan Prime Rate Decision||Britain||CPI Inflation (FEB)||Japan||Services PMI||Britain||Retail Sales (MAR)|
|Annual Budget Release||Eurozone||Services PMI (MAR)||US||Pending Home Sales (FEB)|
|US||Fed Chairman Powell Speech||Manufacturing PMI (MAR)|
|New Home Sales (FEB)||Markit Composite PMI (MAR)|
|US||Durable Goods Orders (FEB)|
|Services PMI (MAR)|
|Manufacturing PMI (MAR)|
|Markit Composite PMI (MAR)|
What are you looking forward to in the coming week? Share below