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Market Report

Wednesday, 05-Mar-2014

NSE

  • After gaining 263.08 points in the previous session, the Sensex advanced 67.13 points, or +0.32 per cent, to end at 21,276.86 today, a fresh six-week high. The 50-share NSE index Nifty crossed key 6,300 level by adding 30.70 poins, or +0.49 per cent, to end at 6,328.65 today on sustained buying driven by positive global cues.

  • Market sentiment remained bullish for the second day as fears of an imminent military conflict in Ukraine eased. Russian President Vladimir Putin said Russia reserved the right to use all options to protect compatriots who were living in 'terror' in Ukraine, but that force was not needed for now.

  • Upbeat economic data from China also helped domestic markets, said traders. At this level, the Sensex is just 100 points away from its record closing high of 20,376.56 on February 7.

  • At 61.72, the rupee was down 13 paise compared to yesterday's close of 62.86 versus the dollar. Dealers cited dollar selling by a foreign and a state-run bank.

  • Globally, Asian shares inched higher after the US and European markets ended higher on Tuesday due to easing tensions in Ukraine.

  • According to analysts, pre-poll election surveys and global cues are likely to dictate the trend for markets, at least for the next couple of months.

NIFTY 3-Month

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