Indian Stocks markets closed with decent gains last week. US Markets received some support from the Fed’s recent rate cut, but the effect may not last for the coming week. The signs of slowdown in US economy have become a cause of worry for investors all over the world.

BSE Sensex closed with a gain of 355 points at 16,371. NSE Nifty closed the week at 4942. Technical experts believe that the stock markets may remain range-bound for next 3 – 4 weeks. The undertone is bearish. There are some signs of buying at lower levels, but markets are not able to sustain at higher levels due to selling pressure.

Indian Stock markets closed on Tuesday with decent gains. BSE Sensex closed with a gain of 928 points at 16,217 while NSE Nifty was up by 267 points at 4877.

The BSE Sensex, on Wednesday, ended after making a gain of 161.37 points at 14,994.83, whereas the broad-based NSE Nifty ended at 4,573.95, up 40.95 points.

The 30-share index Sensex opened on a cheerful note with a positive gap of 492.33 points at 15,325.79 following the interest rate cut by US Federal Reserve.

The index traded sturdily for a short period because of buying activity seen across the frontline stocks.

But, the Sensex broke off from days’ peak by losing all its power. At last, it marked its closure positively. It also touched an intraday high of 15,465.81.

The Sensex ended the week on a pleasant note. It started the day on a cheerful note, but soon fell into the negative zone to bounce back into the positive terrain.

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