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Market Report

Wednesday, 29-Jan-2014

NSE

  • After a better start, the Sensex rose over 140 points to 20,828.68 helped by firm Asian cues. However, sustained offloading of stocks led to the 30-share Sensex closing lower by 36.21 points, or -0.18 per cent, to 20,647.30 today. The gauge has now lost over 726 points in four days. The 50-share National Stock Exchange index Nifty declined by 6.00 points, or -0.10 per cent, to end at 6,120.25 today, after touching an intra-day high of 6,170.45 amid caution ahead of the US Federal Reserve's possible decision to further trim stimulus.

  • Investors also remained jittery ahead of January series Futures & Options (F&O) contracts expiry tomorrow.

  • The rupee continued to trade firm against the US dollar tracking gains in stock markets. The Indian currency was trading at Rs 62.35 compared with previous close of Rs 62.52 per dollar. The rupee is seen trading range bound ahead of outcome of FOMC meet.

  • The US Fed meeting result will be available tonight. The street is factoring in USD 10 billion tapering, said Milan Bavishi of Inventure Growth and Securities.

NIFTY 3-Month

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