IntradayTrade dot Net dot IN
Market Report

Wednesday, 21-Aug-2013


  • Enthused by RBI's overnight measures to ease liquidity situation, the Sensex had begun the day on a positive note and jumped over 321 points to hit a high of 18,567.70 today. However, as rupee started its southward journey, stocks fell. Led by losses in metal, oil&gas, FMCG and heathcare stocks, Sensex plunged by 340.13, or -1.85 per cent, to 17,905.91 - a level below 18000 last seen on September 11, 2012. The Sensex has now lost over 1461.13 points in 4 days.

  • On similar lines, the broad-based National Stock Exchange index Nifty just managed to close above 5,300 after touching a low of 5,268 intraday. It finally closed down by 98.90 points, or -1.83 per cent, at 5,302.55 as companies having exposure to overseas markets such as IT and pharma suffered losses in step with the rupee hitting a new low amid rising fears that US Fed will rollback its economic stimulus soon.

  • Continuing its downslide, the rupee tumbled to an all-time low of 64.62 against the dollar in late afternoon trade today. Brokers said market sentiment dampened as government efforts failed to revive the free-fall in rupee which went past 64.5 in intra-day trade on increased capital outflows. Investors lost another Rs 1 lakh crore in today's trade after markets started tumbling after noon.

  • Brokers said world stock markets remaining choppy as traders waited for hints from the US central bank about when it might begin to reduce its massive stimulus effort in the soon-to-be-released minutes of its July meeting.

  • FIIs continue to pull out funds from our markets. See the 'Market Statistics' page. No other expert comments today.

NIFTY 3-Month

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