The 30-share index, Sensex closed the week on a positive note on Friday (August 1) after gaining 300.94 points at 14,355.75 after touching a high of 14,369.59, while the broad-based NSE Nifty ended the week at 4,413.55, up 80.60 points, after hitting a high of 4,422.95.

Good buying action was seen across various sectors.

BSE Midcap and Smallcap index surged 0.24% and 0.21% respectively.

The overall market breadth was positive as it saw 1,551 advancements as compared to 1,108 declinations.

All sectoral Indices traded positive barring FMCG (0.805) and Auto (0.63%).

Stock market analyst, Vishwas Agarwal, stated, “BSE 14,350 is the nearest support; upside target is 14,786 and 15,150.”

The international atomic energy agency (IAEA) has cleared the India specific nuclear safeguards contract and this is a positive signal for the stock market.

The power stocks may soar up boosting overall market reactions.

The volatile worldwide market and climbing crude prices will keep volatility in the stock market. But, overall sentiments are firm till the time any shocking news hits market.

Mr. Agarwal suggested investors that ‘August’ is a month to adopt ‘Buy-in-dips’ strategy.

“After crossing BSE 15,000, there is a possibility of a rally in strong midcap stocks,” he added.