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Market Report

Wednesday, 10-Apr-2013

NSE

  • Snapping a five-day losing trend, the BSE benchmark Sensex today rose 187.97 points, or +1.03 per cent, to close at 18,414.45. The index had lost 815 points in the last five session to trade at seven-month low. In a volatile trade, the gauge had touched the day's low of 18,173.31 and a high of 19,461.44. Similarly, the broad-based National Stock Exchange index Nifty spurted by 63.60 points, or +1.16 per cent, to close at 5,558.70 today, after dipping to 5,477.20.

  • Brokers said investors felt the recent falls in share prices an overdone and picked up fundamentally strong stocks available at existing lower levels. They said the market received further support on firming trend in Asian and European markets as Chinese imports beat forecasts and investors awaited the minutes of last month's Federal Reserve meeting.

  • World shares edged up to their highest level in a week on Wednesday after Chinese trade data pointed to a steady recovery of the world's second largest economy, adding to an improving sentiment after Wall Street closed at a record high overnight, while the yen remained under pressure.

  • Go short on weak stocks, says Ashwani Gujral. What you should do is that trail the lows of everyday as a stop to sell now so today's low is say around 5480 so trail it tomorrow, says Ashwni.

  • 2014-2015 could be a great bull market ahead, says Mehraboon Irani. Do not try to be a Robin Hood and try to identify the multibaggers right now, says Irani of Nirmal Bang Securities.

NIFTY 3-Month

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