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Market Report

Thursday, 05-Dec-2013

NSE

  • The Sensex, which lost 189.30 points in the previous two sessions, shot up to day's high of 21,165.60 before ending at 20,957.81 -- a gain of 249.10 points, or +1.20 per cent. The NSE Nifty barometer, which breached the 6,300 level intra-day, ended 80.15 points, or +1.3 per cent, up at 6241.10 today on exit polls predicting gains for the BJP in key state elections but profit booking curbed the rise.

  • Today was the first day in a month the Sensex breached the 21,000-level after hitting 21,142.85 intra-day on November 7. Brokers said a flurry of buying triggered by exit poll results predicting a good show by the main Opposition party in Rajasthan, Madhya Pradesh, Chhattisgarh and Delhi elections, buoyed the trading sentiment.

  • Mirroring the movement in stocks, the Indian rupee surged to over 5-week high of 61.53 versus dollar in early trade but lost some momentum to trade at 61.77, still 30 paise up compared to yesterday, when share market closed for the day.

  • Nifty seen hitting fresh all-time high ahead of May elections, say experts. The top market experts and brokerages are eyeing a range of 21,000 to 23,000 as far as the Sensex is concerned for fiscal-end 2014.

  • No other expert comments today.

NIFTY 3-Month

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