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Saturday, 6 February 2016

Saturday Share Market Update | 6 February 2016

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Yesterday the asian market breadth was strong at the end of the day. The 30-share BSE Sensex closed at 24,616 gain by 278 points and NSE Nifty also gain by 85 points closed at 7,489 or 1.15 percent. All three main indexes closed lower for the week even the week included one session with solid rally as last week. 
The Dow fell by 1.6 percent this week,the S&P 500 shed by 3.1 percent and Nasdaq fell the most 5.4 percent. 
During the January rout US stocks are trading above the lows hit but bulls have failed to gain traction. 
The S&P 500 posted 7 new 52-week highs and 26 new lows and Nasdaq recorded 3 new high and 195 news lows.