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Market Snippet

The markets showed astonished rally and extended the gains of previous sessions and reached to 2016 highs on the back of intense value in buying stocks at attractive valuations and rise in Crude Oil prices also supported the indices whereas Rupee appreciation in the slast two sessions too contributed in the strength of domestic equities; finally settling the May F&O Expiry series on strong note making positive breakouts.

Banking &Financials, Capital Goods and Realty were the major gainers amongst indices while Pharma closed in red.

Global Market Updates:

  • Brent crude oil rose above $50 a barrel for the first time in nearly 7 months, but Asian shares struggled to gain traction, with worries about U.S. interest rates and China’s slowing economy keeping investors on the side.
  • China’s Lenovo Group Ltd reported its first loss in six years.

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