IntradayTrade dot Net dot IN
Market Report

Thursday, 06-Feb-2014

NSE

  • After opening in the positive zone, the BSE index shuttled between 20,358.19 and 20,079.82 on alternate bouts of buying and selling. It closed at 20,310.74, a gain of 49.71 points, or +0.25 per cent. The 50-share NSE index Nifty rose by 13.90 points, or +0.23 per cent, to end at 6,036.30 today, after touching a low of 5,965.40. This was also the barometer's highest close since 6,089.50 on January 31.

  • Sensex has gained 101.48 points in 3 days. Before that, it shed 1,100 points as the index fell for six days in seven. Today's closing value is the highest for Sensex since 20,513.85 on January 31.

  • Brokers said the market managed to end higher on fresh buying in FMCG sector after index-linked ITC and Hindustan Unilever Ltd (HUL) spurted on bargain-hunting. The upsurge, however, was capped as stocks of banking and information technologies sectors surrendered intra-day gains on profit-booking.

  • Traders said a firming Asian trend and higher opening in Europe as investors weighed earnings and US data showing service-industries growth, further influenced the sentiment. Asian shares took a tentative step forward from five-month lows on Thursday, with investors hoping the European Central Bank (ECB) and upcoming U.S. jobs data can calm nerves strained by the emerging market selloff.

  • The stock market was trading with a negative bias in the afternoon trade, and saw a pullback in the last hour of the session. Though the market ended the day in the green with not much gains, the highlighting point was that it's the third consecutive day when the market saw buying in the last hour of trade. Is this a new trend?

NIFTY 3-Month

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