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Market Report

Friday, 01-Nov-2013

NSE

  • After gaining 594.24 points in the past three sessions, Sensex, the 30-share bluechip index today hit a new intra-day high of 21,293.88 before finally closing at 21,196.81 -- up 32.29 points, or +0.15 per cent. This is also another closing all-time high. The previous intra-day peak of 21,206.77 was set on January 10, 2008.

  • The National Stock Exchange index Nifty rose above 6,300 level after three years by gaining 8.05 points, or +0.13 per cent to close at 6,307.20 today. The Nifty registered an all-time high of 6,357.10 on January 8, 2008, and a record close of 6,312.45 on November 5, 2010. Markets came off their day's highs in late morning trades and ended flat as investors booked profits at higher levels in index heavyweights.

  • The Samvat 2069 ended on a cheerful note with benchmark BSE Sensex today settling at a new all-time closing high of 21,196.81 on buying in realty, banks, metal and auto shares, amid renewed optimism on the economic front. The Sensex recorded a handsome gain of 2,526.47 points from the closing of last Samvat 2068 (November 12, 2012).

  • Interestingly, the Mid-cap and Small-cap stocks have failed to participate in the rally during the period. The BSE mid-cap and small-cap indices quoting at 6,150 and 5,935 levels respectively, are trading over 30% below their historic highs. The mid-cap index had touched a lifetime peak of 10,245.81 and the small cap touched an all-time high of 14,239.24 in January, 2008. However, today's market saw an increase in retail participation which was lacking so far. See our 'Market Statistics' page.

  • The rupee continued to remain weak against the US dollar and was trading at Rs 61.82 compared with the previous close of Rs 61.50.

  • Asian markets finished mixed as of the most recent closing prices. Europe was also trading mostly in the red when last information came in.

  • Finance Minister P Chidambaram said the momentum in the export growth is expected to continue in the remaining part of current fiscal, while stating that a bumper crop harvest is seen arriving on good monsoon. Chidambaram added that the market seemed to be happy but cautioned investors against excessive exuberance.

NIFTY 3-Month

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