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Nifty, Sensex may rally on global cues – Weekly closing report

Nifty, Sensex may rally on global cues – Weekly closing report
Moneylife Digital Team
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We had mentioned in previous week’s closing report that Nifty, Sensex may move sideways. The major indices opened higher but headed downward and ended with minor losses over previous Friday’s closing price. The trend of the major indices in the week is given in the table:

On Monday, the indices opened higher and made decent gains. On the NSE, there were 1,349 advances, 641 declines and 89 unchanged.

Jindal Steel & Power made prepayment of Rs 2,462 crore to its term lenders as a strategy to reduce debt and build a robust balance sheet. ....

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India: Macrotech to make its stock market debut on Monday

Macrotech Developers will list its equity shares on the Indian stock exchanges on April 19. ....

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