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Market Report

Wednesday, 23-Apr-2014

NSE

  • The 50-share index ended at all-time closing high of 6,840.80, up 25.45 points or +0.37 per cent. It touched all-time intraday high of 6,861.60 and a low of 6,820.75 in trade today. The S&P BSE Sensex closed at 22,876.54, up 118.17 points or 0.52 per cent. It touched all-time high of 22,912.52 and a low of 22,780.13 in intraday trade.

  • The Nifty extended its intraday gains to closed the April series at an all-time closing high aided by sustained inflows from foreign institutional investors. The 30-share Sensex recorded its highest ever figure of 22,912.52 points intra-day, but lost the momentum on emergence of profit-booking. This is the third successive day indices are hitting their life-time high levels in intraday.

  • Stock brokers said buying activity gathered momentum as investors covered their pending short positions on April settlement in the derivatives segment. Buying by FIIs and retail investors on the back of encouraging earnings by corporates also helped key indices to continue their record-breaking performance, they added.

  • There was very high volumes and fantastic FII participation today - highest in recent times. See our 'Market Statistics' page.

  • On the economic front, the rupee has weakened past 61/dollar to 1-month low, trading at 61.06/07 versus its previous close of 60.76/77 as the dollar demand from oil companies and weakness in other regional currencies helped the greenback.

  • Globally, most markets were down today. Asian markets in Singapore, Hongkong, Taiwan and Shanghai had a nervous outing and the European bourses are down in early trades.

  • Elections results will be out soon, and quarterly results have already started coming in. These events can direct market trends in the coming sessions, said Nidhi Saraswat of Bonanza Portfolio. After one-sided rally seen for the last few sessions, profit-booking at higher levels is expected now, he added.

NIFTY 3-Month

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