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Market Report

Thursday, 13-Sept-2012

NSE

  • The 30-share Sensex ended at 18021.16 up 21.13 points, or +0.12%; and the 50-share Nifty ended at 5435.35 up 4.35 points, or +0.08%. The Nifty traded in a tight 25-point range throughout with 5447.45 as the highest and 5421.85 as the lowest points of the day.

  • Markets ended flat on Thursday as investors turned cautious and booked profits after a six-day rally ahead of the August headline inflation data due tomorrow and US Fed's policy decision later today.

  • Brokers said expectations are building up that US Fed will once again announce a monetary easing program, which will add liquidity to the system and eventually give a boost to stocks.

  • On the global front, Asian markets were tentative today on mounting expectations of fresh stimulus from the U.S. Federal Reserve, but European markets are trading lower now with CAC, DAX and FTSE declining.

  • 5600 plus looks like a distinct possibility. Though 5470-5480 is an important hurdle and the fresh aggressive buying should happen only beyond those levels, says Mitesh Thacker.

  • If the US Fed announces a QE3, which to a decent extent has been factored in globally and domestically, then one might see another 50 to 100-point rally in the Nifty, as per JV Capital Services.

  • The Indian markets have been primarily driven by liquidity and if you look at them from the earnings perspective, last year we had a Sensex EPS growth of about 7%, says Pankaj Pandey, ICICI Direct. QE3 will be good for the Indian markets, he adds.

  • We will go down even if there is a QE3 which is according to expectations of the market, chances are it is more or less discounted and hence the market goes into some kind of a correction. If it does not happen, even then some kind of correction is likely to happen, says Ashwani Gujral.

NIFTY 3-Month