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Market Report

Thursday, 28-Nov-2013

NSE

  • The BSE Sensex closed 114 points, or +0.56 per cent, higher at 20,534.91 today. The index hit a low of 20,461.51 and a high of 20,606.38 in intra-day trade today. The 50-share Nifty index rose 34 points or +0.57 per cent to end the day at 6,091.85 today. The index has hit a low of 6,068.30 and a high of 6,112.95 in intra-day.

  • The market was volatile today as traders roll over positions in the futures & options (F&O) segment from the near month November series to the December series.

  • The BSE Sensex closed 3 per cent lower in November F&O series, while the 50-share Nifty index ended the series with losses of 3.3 per cent. On the other hand, broader market managed to outperform benchmark indices with both BSE Mid and Small cap indices ending the series in green.

  • On the global front, Asian shares were in a buoyant mood, with Japanese stocks hitting their highest close in nearly six years after the Yen fell sharply on relatively positive US economic data, while two major regional currencies slumped.

  • The Rupee fell with the unit at 62.39 per dollar versus Wednesday's close of 62.14/15. Month-end oil-related dollar demand will keep the rupee under pressure.

  • We have seen in the past few days that though the market has not shown a great bit of strength, the broader market has come to the fore, says Devang Mehta of Anand Rathi Securities; and it is heartening to see investors coming back to select midcap stocks, he says.

NIFTY 3-Month

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