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Friday, June 19, 2015

Benchmark Indian Stock indices ends in weekly gain after a month

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Greetings from StockInvestingTips. Benchmark Indian stock indices including Bombay Stock Exchange's SENSEX and National Stock Exchange's NIFTY50 gained for 6th consecutive day as hopes for good monsoon brightens. Meanwhile Mumbai is witnessing heavy monsoon rains which would continue to bring local life to halt even for tomorrow.

Broader index NSE's NIFTY closed up by over 50 pts today at 8224.95. Thus closing well above the psychological mark of 8200 today. INR also gained 18 paise per USD. Blue-chip index SENSEX gained 200.34 points to end days proceedings at 27316.17 points. A good monsoon would help in providing a boost to indian markets as Meteorological departments prediction of a weak monsoon seems less likely to happen as always. Buying momentum would be seen in coming weeks too if rain gods remain helpful in coming months.

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