Last week’s activity at a glance
Weekly snapshot: Indian equities have short covered from lower levels and managed to close the week in a green zone despite the mixed global cues.
Fund-flow Activities: The Foreign Institutional investors bought equities worth of Rs 6006.4 crore in cash segment while Domestic Institutions have bought equities of Rs 6841.5 crore in cash segment.
Indices Performance: Nifty 50 has closed the week with gain of 0.74 percent while Nifty Bank outperformed and closed with gain of 3.36 percent.
Macro Data: For the next week, market expected to remain focused on the testimony from the U.S. Federal Reserve Chairman. The policy related indication and stance of interest rates would be crucial for the markets.
Weekly Outlook: U.S. nonfarm payrolls, Monetary policy from Bank of Japan , Chinese macro announcements and GDP growth data from Britain and Europe are the major scheduled macro events for the next week.