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Top Ten Stock Advisory – Weekly Market Update (28th Aug- 1st Sept)

top ten stock advisoryKey benchmark indices closed the session near the flat line in a lackluster trading. The barometer index, the S&P BSE Sensex rose 28.05 points or 0.09% to settle at 31,596.06. The Nifty 50 advanced 4.55 points or 0.05% to settle at 9,857.05. The market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month August 2017 series to September 2017 series. The near month July 2017 derivatives contract expire on Thursday, 31 August 2017. On the macro front, the government will announce data on Q1 June 2017 gross domestic product (GDP) after market hours on Thursday, 31 August 2017. India’s GDP rose at moderated pace of 6.1% in Q4 March 2017, which is the lowest pace of growth in last nine quarters. The GDP growth decelerated sharply from 7% growth recorded in the preceding last quarter and 8.7% surge posted in the corresponding quarter last year.