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Market Report

Thursday, 10-Jan-2013


  • The Sensex ended 3.04 points, or -0.02% lower to 19663.55. It touched the day's high of 19783.75. The index had lost 76 points in the previous session. Similarly, the broad-based National Stock Exchange index Nifty ended lower by 2.85 points, or -0.05% to close at 5968.65 today before shuttling between 6005.15 and 5947.30.

  • The Nifty retreated from above 6000 levels and closed in the negative on a flat note after a volatile trading session as investors refrained from creating fresh positions before the release of the factory output or industrial production (IIP) data and quarterly earnings season led by Infosys tomorrow.

  • A firming trend in overseas markets failed to influence the market sentiment as investors remained on sidelines before any major outcome of major events tomorrow, said brokers. Asian markets ended on a positive note after Chinese trade data. European markets traded mixed ahead of the European Central Bank meeting later in the day where the central bank is expected to keep interest rates steady.

  • Markets to take cues from earnings, RBI action, says Ritu Arora. I expect the market to take a breather here and take stock of the important events that would unfold over the next couple of weeks, adds Aurora.

  • Investors should let the initial euphoria to die down and observe before investing, says Nikhil Walavalkar. If investors miss an opportunity to catch such business early, they try to buy into a company that is similar to the successful one, he explains.

  • Markets unlikely to fall unless FIIs hit panic button, says Sajiv Dhawan. If there is some very bad results, that could be an excuse for sell off, but until that happens we would prefer to buy the Nifty on any significant decline, he adds.

NIFTY 3-Month

(Data/Charts courtesy NSEI/Yahoo!/iCharts/The Economic Times)