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Market Report

Tuesday, 26-Nov-2013

NSE

  • After a steep rise of 387.69 points in the previous session, the Sensex dropped by 180.06 points, or -0.87 per cent, to end at 20,425.02 today -- near day's lows. The broad-based National Stock Exchange index Nifty lost 56.25 points, or 0.92 per cent, to close at 6,059.10 today on selling in banking and oil & gas shares after crude prices rebounded and investors judged the gains related to the Iran deal as excessive.

  • Lack of fresh triggers and cautious sentiment ahead of monthly derivatives expiry on Thursday and and GDP data release on Friday also led to profit-booking, traders said.

  • The Rupee was looking up againt the US dollar as it traded at 62.44 compared to yesterday's close of 62.50. IT stocks, including TCS and Infosys, ended lower. Globally, stock markets traded sideways ahead of data release related to house prices and consumer confidence, and Thanksgiving holiday in the US.

  • Oil rose ahead of a US supply report that might show an improvement in demand. Benchmark US crude for January delivery was up and trading around USD 94.5 a barrel. The contract had fallen on Monday after a deal between Iran and six world powers on the country's nuclear program raised hopes that sanctions stifling Iran's oil exports would soon be lifted.

  • No other expert comments today.

NIFTY 3-Month

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