For the week, the BSE Sensex rose 192.33 points, or 0.57 per cent, while the broader NSE Nifty gained 71.35 points, or 0.69 per cent. This was the second straight weekly gains for the index.
Extending its fall for the third session, the BSE benchmark Sensex on Thursday ended marginally lower after investors squared-off their positions on February derivative contracts' expiry amid concerns over tension between India and Pakistan.
On 28th February 2019, our experts Gaurang Shah, Head Investment Strategist, Geojit Financial, and Ashish Kyal of Wave Strategy Advisors, answered viewers' questions on the stocks, shares, stock market, share their opinion on stocks to buy, sell and hold for best returns.
Investor sentiment took a beating after Pakistani fighter jets on Wednesday violated Indian air space in Jammu and Kashmir's Poonch and Nowshera sectors, brokers said.
Indian shares retreated in midday trade after Pakistan said it shot down two Indian jets on Wednesday, escalating conflict between the two nuclear-armed neighbours, a day after Indian warplanes struck inside Pakistan.
After cracking nearly 500 points, the 30-share Sensex pared some losses but ended 239.67 points, or 0.66 per cent, lower at 35,973.71. It hit a low of 35,714.16 and a high of 36,172.52.
The stock also broke below its 20-day exponential moving average (EMA), that was acting as support for the last couple of weeks. This suggests that stock may test the next support at Rs 996.3, the 23.6 per cent retracement level.
The 30-share index ended 341.90 points, or 0.95 per cent, at 36,213.38; while the broader Nifty soared 88.45 points, or 0.82 per cent, to conclude the session at 10,880.10 after shuttling between 10,887.10 and 10,788.05.
On 25th February 2019, experts Gaurang Shah, Head Investment Strategist, Geojit Financial and Hemen Kapadia, KR Choksey Shares and Securities, answered viewers' questions on the stocks, shares, stock market, share their opinion on stocks to buy, sell and hold for best returns.