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Market Report

Wednesday, 17-Apr-2013


  • Snapping two-days of gaining trend, the Sensex fell 13.77 points, or -0.07 per cent, to close at 18,731.16. The gauge touched the day's high of 18,869.88. The index had recorded a biggest climb in last session. Similarly, the broad-based National Stock Exchange index Nifty eased by 0.25 point to 5,688.70, after rising to 5,732.15.

  • Brokers said the market was looking for any positive factor and encashed the recent rally in fundamentally strong stocks. They said trading sentiment turned bearish as the market major Reliance Industries fell after its quarterly revenue missed the market estimates and software exporters fell on concerns about potentially higher US visa costs.

  • The weakening trend in overseas markets led by commodity related stocks in view of recent plunge in crude and precious metals also influenced the sentiments here, brokers said.

  • European shares sank by over one percent on Wednesday despite a recovery on Wall Street and across Asia, as investors positioned for sluggish growth in the euro area and ongoing monetary policy easing in the U.S. and Japan.

NIFTY 3-Month

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