Weekly Review: Sensex, Nifty up 2 percent

The country's stock markets last week was nearly two per cent. Bombay Stock Exchange (BSE), the 30-share Sensex gained 1.78 per cent or 435.03 points to close at 24870.69 on Friday. Similarly, the National Stock Exchange (NSE) 50-share sensitive index Nifty spurted by 1.90 per cent, or 141.1 points to close at 7563.55. Last week, 17 of the 30 Sensex stocks gained. Sun Pharma (10.50 per cent), Dr. Reddy (7.65 percent), Coal India (6.70 percent), Hindustan Unilever (5.73 percent) and ONGC (4.46 percent) were the fastest.

Major Sensex losers were BHEL (5.74 per cent), Adani Ports (4.06 per cent), Axis Bank (3.76 per cent), L & T (3.49 percent) and Bharti Airtel (9.15 per cent). Midcap and Smallcap indices rose last week more than two percent. Midcap 2.20 percent or 224.21 points at 10417.26 with a gain of 2.56 percent or 271.46 points higher with the cap closed at 10869.84. According to an official statement released on Wednesday in the country, the Indian basket of crude oil prices fell Tuesday to $ 26.63 per barrel recorded. Earlier, in June 2001. The price of Indian basket of crude oil was recorded the same.

The Organization of Petroleum Exporting Countries (OPEC) basket of 12 oils cost 13-year low on Tuesday closed at 25.11 dollars a barrel, 25.58 dollars a barrel on Monday. Friday, January 29th two-day monetary policy meeting, the Bank of Japan announced after the market shook negative interest rate. Bank deposits by commercial banks at the Bank of Japan on the additional amount provided 0.1 per cent interest rate was negative 0.1 percent. Bank inflation target of two per cent in the country's move towards being to increase the bid is raised.

Wednesday, January 27th at the US Federal Reserve's key interest rate target in the range of 0.25-0.5 percent and announced to maintain soft monetary policy to support economic growth promises to continue to pursue. Wednesday, January 27th, the International Monetary Fund (IMF) in the first four emerging economies, including India, the biggest of the 10 have been included as members. This historic shift quota and governance reforms have been implemented since. Four names were included in the IMF's top 10 countries in addition to India, China, Brazil and Russia.

The old six members are the US, Japan, France, Germany, Italy and the UK. Tuesday, January 26th 2016 the World Bank estimated the global value of the crude oil at $ 37 a barrel has been reduced, which in October was estimated at 51 dollars a barrel. The Indian basket of crude oil prices reached the lowest level in 14 years last Tuesday.

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