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With April series having expired, expect markets to turn volatile
TIWN
With April series having expired, expect markets to turn volatile
PHOTO : TIWN

New Delhi, April 29 : Markets have a mind of their own and the five trading sessions last week were of a different kind. How markets change colour almost every day, just beats me.

On Monday and Tuesday, markets opened with an upside gap and closed upwards but the difference between the opening and the closing was very small.

Effectively, volatility saw intraday movement drop many notches. Wednesday was a quiet day. Thursday was April futures expiry day. It began like any other day of the previous week, on a quiet day and then saw very sharp upward movement in the last hour of the day. NIFTY on Thursday gained 168 points on a net basis and 265 points from the low of the day.

Friday was the complete opposite, where markets lost through the day and were down 151 points on a net basis and were down 235 points from the high of the day to the close.

At the end of five different days of the week, BSESENSEX gained on four of the five trading sessions and lost on one. BSESENSEX was up 641.83 points or 0.88 per cent to close at 73,790.16 points, while NIFTY gained 272.95 points or 1.23 per cent to close at 22,419.95 points.

The broader markets saw BSE100, BSE200 and BSE500 gain 1.53 per cent, 1.85 per cent and 2.10 per cent respectively. BSEMIDCAP was up 3.96 per cent while BSESMALLCAP was up 3.97 per cent.

The India Rupee gained 13 paise or 0.0.16 per cent to close at 83.34 to the US Dollar. Dow Jones gained on three of the five sessions and lost on two. At the end of the week, Dow was up 253.26 points or 0.67 per cent to close at 39,239.66 points.

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