Markets Next Week: Record Highs A Possibility

Posted By:
Subscribe to GoodReturns
For Quick Alerts
Subscribe Now  
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Benchmark indices gained constantly in trade this week, with the Sensex gaining for seven straight days in a row. There has been constant buying support from mutual funds, who continue to support the market at lower levels.

    Markets Next Week: Record Highs A Possibility
    The markets are now very close to hitting peak levels once again, which should be highly possible next week. How far markets would keep trending higher is difficult to say, but, at the moment the trend looks pretty firm.

    It will not be surprise is the Sensex easily scales past the 34,000 levels, making it one of the most expensive markets in the world.

    Interestingly, stocks that have been hammered in the recent past are now finding buyers. A classic example is Infosys, which has now once again surged past the Rs 1,000 mark all over again.

    During the week, individual stocks reacted to news. Swaraj Engines surged following reports that its board would meet for a buyback of shares. Biocon gained after launching a cancer drug, while Skipper rallied, following reports of a tie-up with an Israeli company.

    Reliance Industries also had a stellar rally with the stock hitting a new 52-week high in trade. Most analysts believe that we could see increasing price levels in the coming days. However, they also caution that markets have gone-up too fast.

    GoodReturns.in


    Read more about: sensex nifty
    Story first published: Saturday, November 25, 2017, 8:37 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more