Marginal gains in Mi50 this week while the large cap moved the nifty almost 3 percent. The mi50 portfolio ended at an absolute gain of 35.1% since Apr 1 2016.
There were no changes in the mi50 but several stocks like 3mindia, Gallantispat, Dhampur sugar and Kiriinds came close to meeting their respective stops. I suspect we will lose some of them shortly.
Tonights’ job report in the US is likely to be the decider for the potential sep FED hike. I am in the camp of no hike. So post the Monday holiday, I expect a gap up opening on Tuesday here.
Have a great long weekend!