WEEK(25 FEB-1 MAR) STOCK MARKET REVIEW

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The Nifty50 rebounded sharply on Friday, the first day of March series, on ease of geopolitical tensions between India & Pakistan. Global rally on likely US-China trade deal also lifted sentiment.The index managed to hold above 10,850 levels amid consolidation and formed small bullish candle on the daily as well as weekly chartsThe consolidation is likely to continue in coming sessions before the sharp move, experts said, adding 10,930 is the crucial levels for bulls, closing above which the index may move around 11,000 levels. Billions of dollars of pre-election spending by the Indian government and political parties in the next two months is unlikely to stop the nation's economy from slowing further .

Shares of public sector banks rallied up to 10 per cent on the bourses in intra-day trade after Finance Minister Arun Jaitley on Thursday assured government funding support to state-owned banks.Oriental Bank of Commerce and Union Bank of India soared 10 per cent each at Rs 91.95 and Rs 78.35, respectively, in intra-day trade. State Bank of India (SBI), Syndicate Bank, Bank of India, Punjab National Bank, Bank of Baroda, Vijaya Bank, Dena Bank, Allahabad Bank, Canara Bank, IDBI Bank and Indian Bank were up in the range of 1 per cent to 6 per cent. Bharti Airtel slips 3% on fund raising plans.Rupee may weaken to 80. Maruti Suzuki February sales miss estimates, down 0.8% to 1.48 lakh unit.Global brokerages expect up to 50bps rate cut in April as GDP could slow further.Tata mulls options for JLR including stake sale.