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Market Report

Tuesday, 19-Nov-2013

NSE

  • After gaining 656 points in previous two sessions, the Sensex gained 40.08 points, or +0.19 per cent, to end at 20,890.82 led by stocks of realty, capital goods and banking sectors. The index closed at 20,894.94 on November 6. On similar lines, the broad-based National Stock Exchange index Nifty rose by 14.35 points, or +0.23 per cent, to close at 6,203.35 today, after touching 6,212.40 intra-day in choppy trade, amid sustained strength in the rupee against US dollar.

  • Brokers said steady capital inflows as rupee strengthened against the dollar and reports of higher earnings by some bluechips, mainly helped the domestic market extend gains. The rupee appreciated to touch 61.87 versus dollar intra-day on heavy selling by foreign banks on behalf of their overseas clients.

  • Globally, the US dollar traded weak against major rivals ahead of Fed chief Ben Bernanke's speech at National Economists Club in Washington later today. Analysts hope Bernanke would speak in favour of keeping the USD 85 billion a month stimulus intact like New York Fed chief William Dudley and Federal Reserve chief nominee Janet Yellen did recently. Also, the release of FOMC minutes is expected on Wednesday.

  • Heavy buying in our stock market by Foreign institutional investors (FIIs) continues. FIIs bought shares worth a net Rs 1158.57 crore on Monday, and another 1014.61 crore today, as per provisional data from the stock exchanges. See our 'Market Statistics' page.

  • Market rally likely to continue till assembly election results, say experts. While the market can retest recent highs on the back of unabated foreign inflows, the political climate in India will be crucial event to watch out for, they add.

NIFTY 3-Month

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