The week gone was a truncated week and Nifty ended the week on a positive note with gains of 1.30% and Sensex surged 1% on a week-on-week basis. Initial half of the week bulls staged a smart recovery, however, Thursday on wards profit booking emerged in market amid global weakness after President Trump’s ability to get the economic agenda going.
Key benchmark indices hit record high with the BSE Sensex conquering the psychologically significant 32,000-level as a drop in June retail inflation data sparked hopes of a rate cut by the RBI. Global stock markets also provided some tailwind after US Federal Reserve chair Janet Yellen, in a House testimony, signalled that the approach to higher rates will be steady, prompting investors to buy more in risky emerging markets.
Indian market started trading for the truncated week on a negative note and thereafter, it traded cautiously with high volatility ahead of the GST rollout. Nifty ended the week on a negative note for the third consecutive week to shut shop in red by 0.56% on a weekly closing basis.
The Sensex and the Nifty began the truncated week on a negative note and remained volatile during the expiry of the June derivative contracts. Last week, the Sensex fell 216.60 points or 0.70% to settle at 30,921.61.
Detailed analysis and Comparative study of various types of brokerage firms and trading accounts available in India:-
Basically, we have the following three categories of brokerage firms currently available:-1. Banking Firms, 2. NBFC Brokerage Firms,3. Discounted Brokerage Firms. Like ICICIDirect, AxisDirect, SBI, HDFC etc. These are the most reliable as they are directly owned by large banks and hence can be trusted.Main benefit is if you have your bank account also in the same bank, the money transfer is quite seamless and easy.