This week market is not open good because Reserve Bank of India announce its monetary policy and at the end of the week it will take all the eye of the investor as the market goes high.

The week February 10 ended,  the S&P BSE Sensex added 0.3% or 94 points to settle at 28240, while Nifty50 gained 0.6% or 52 points to close at 8793. 

Midcap and Smallcap stocks perform bombastic this weekend.Nifty Midcap 100 index hit it all-time high of 16227, up 1.2% the BSE Midcap index rose 1.3%. The BSE Smallcap index surged 1.4%, ending above its nine-year high. 

Vinod Nair, Head of Research at Geojit Financial Services, “Contrary to the expectation of a 25bps rate cut, RBI held the rate steady. Cautiousness crept in due to uncertainty over Fed rate hike, US policies and rising crude price which could impact inflation and rupee movement”.

He added, “Market has started to consolidate as it has lost the steam for further upside given change in RBI stance. Nifty was trading in a narrow range of 8700-8800 levels for the week. On a positive note, the government’s prudence on the fiscal side and positive quarterly results gave cushion to further downside”.

IT sector shine, settle this week with 4%. TCS up 7%, Infosys up 3%. Titan company share 13% increase to Rs 431 for the week. 

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Share market open explosive; Sensex gained 29.98 points & Nifty up 17.85 points