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NIFTY has Support at 5000 levels

Reliance Media World listed on the exchanges today at Rs 308 per share. The company is part of Reliance Mediaworks which was formerly known as Adlabs Films.The radio business of Reliance MediaWorks (RML) was demerged into Reliance Media World (RMWL). As part of the demerger process, RMWL issued and allotted one fully-paid equity share of Rs 5 for every one equity share of Rs 5 held in RML.

In this week Sensex up 3%, Nifty up 3.5%. BSE Midcap index was up 4.5%, BSE Smallcap index up 6.5% over the week. All sectoral indices ended in the positive this week. BSE Realty index was up 9.5%, BSE Metal index up 7.3%, BSE Auto index up 4.6%, BSE Oil & Gas index up 3.7% and BSE Bankex index up 3.3%.