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Market Report

Tuesday, 23-Apr-2013

NSE

  • The Sensex rose 9.53 points, or +0.05 per cent, to close at 19,179.36 today. It touched the day's high of 19,210.26 and a low of 18,042.08. The index had gained 439 points in last two sessions. Similarly, the National Stock Exchange index Nifty edged up 2.50 points to 5,836.90, after dipping to a low of 5,791.55 today in intraday.

  • Brokers said investors remained cautious ahead of a monthly settlement in the derivatives segment on Thursday and the Reserve Bank of India monetary policy meet on May 3. They said selling pressure was more confined to recent gainers in financial and capital goods sectors, while firm trend in healthcare and IT stocks saved the market any major fall.

  • Trading sentiment further influenced on a weakening Asian trend but better opening in Europe supported the market to end in a positive zone for the third straight day. Japan's Nikkei share average slipped on Tuesday as weak China manufacturing data heightened concerns over global growth, while investors cashed in some of the recent gains after the yen's slide towards 100 to the dollar stalled.

  • Nifty likely to show some weakness ahead of F&O expiry, says Prakash Diwan. If you ask me the direction from hereon is absolutely downwards till the expiry which is day after tomorrow, says Diwan.

  • Expect market to consolidate, says Mitesh Thacker. Most are trading with long bias but we have taken partly some kind of short exposure or short positions in the market, says Thacker.

  • Buy stocks on correction, says Ashwani Gujral. If market comes from the lower end of the range you could have a bit of a decline but as long as 5780 holds on we should remain sideways, he says.

NIFTY 3-Month

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