Stocks were higher in the mid week but dropped down at the end. In the final hour Sensex dropped 98 points to 25301 and Nifty slided 33 points to 7749. Large losses were seen in realty and healthcare Stocks. Asian Markets finished higher with Hong Kong as a leading region. Hang Seng is up by 0.80% while China's Shanghai Composite is up by 0.66% and Japan's Nikkei is up by 0.54%. European market too were higher this week. Indian currency Rupee was trading at 67.44 against the US$ at the closing of the market. All the sectors traded red except S&P FMCG stocks which was up by 14.65. On the last day of week Gold drift down by 106 rupees to 29,691 rupees while Silver, Natural Gas and Crude Oil ended positive by 0.03%, 0.29% and 0.06% respectively. According to the experts prices of gold will be increasing. China is the first country making the highest investment in Gold. Agriculture minister is thinking of having the solution for getting out from the increased prices of pulses and other commodities. This week SEBI imposed a rule on Pnotes of making the KYC compulsory for the investors investing in PNotes. IDBI Bank looses 1736 crore rupees in its fourth quarter.
According to the market analysts, in the coming week the financial markets will be focusing firmly upon whether the US dollar will gain more or will hover around. The other data will be dependent on it.
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