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Saturday, 28 May 2016

Share market update on Saturday | 28 May 2016

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Friday,on last day week of a trading session the market ends with strength with last 3 months biggest gain in Sensex. 
Yesterday Sensex closed with gain above 250 points and Nifty hits the level of 8,000 closed at 8,156 for the day. In the week all the sectors on BSE Sensex ended with green. 
US economic growth slowed in first quarter,although not as sharply as initially thought as data on Friday. All of the 10 major S&P sectors rose,with the telecom and financial indexes leading the gainers. 
The Dow Jones Industrial average climbed 0.25% to end at 17,873.22 points and the S&P 500 gained 0.43% to 2,099.06 and Nasdaq composite added 0.65% to 4,933.51. 
On Friday shares of real estate firm Prestige estate projects rallied as much as 15%.