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Market Report

Tuesday, 25-Sept-2012

NSE

  • The Sensex, which had lost 79 points in the previous session, recovered by 21.07 points, or +0.11% to close at 18694.41 today. The broad-based National Stock Exchange index Nifty rose by 4.30 points, or +0.08% to close at 5673.90 led by stocks of realty and FMCG.

  • We had super fantastic FII participation today. Look at the record volumes today at our 'Market Statistics' page.

  • Brokers said investors remained confident of government giving a further push to economic reforms, particularly after the Cabinet yesterday approved Rs 1.9 lakh crore debt restructuring of state electricity boards. Mild profit-booking trimmed the gains but markets more or less were in buoyant mode.

  • Meanwhile, the Asian markets ended flat in trades today after sentiment was weakened by data showing Germany's business confidence dropped in September. The European markets were trading on a weak note today, CAC40 and DAX were down 0.4% each.

  • Higher levels to be tested in next few weeks, says Mitesh Thacker. As long as we are above 5630, the momentum should sustain and we are looking at levels beyond 5880, possibly even higher levels to be tested in the next few weeks to come by. So somewhere in the October expiry, we should be higher, he says.

  • Market rally may continue for next one or two months, says IIFL Wealth. You will continue to see a flurry of announcements by the government over the next one or two months and there are US elections as well which would keep the global markets also fairly buoyant.

  • Investors should maintain your long positions in market in spite of the kind of rally that we have seen, market is refusing to come down even when global cues are choppy, says Ashwani Gujral.

  • Can't rule out 22000-22500 levels for Sensex in near term, says Mehrab Irani, Investment Manager at Tata Investment Corporation Ltd. This year till now we received more than $13 billion of FII inflows, which is very good, he adds.

NIFTY 3-Month