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Market Report

Thursday, 19-Feb-2015

NSE

  • The 50-share Nifty ended at 8,895.30 today, up 26.20 points or +0.30 per cent. It touched a high of 8,913.45 and a low of 8,794.45 in trade today. The S&P BSE Sensex closed at 29,462.27, up 142.01 points or +0.48 per cent. It touched a high of 29,522.86 and a low of 29,108.15 in trade today.

  • Benchmark shares indices rebounded from their day's lows to finally gain for the seventh straight session led by metals and select IT majors. Our markets bounced back in the last hour of trade to settle higher. Losses in banks, FMCG and healthcare stocks were offset by gains in the stocks of metals, capital goods and IT sectors.

  • Foreign institutional investors were net buyers in equities after they bought equities worth Rs 2187.96 crore on Wednesday, and net buyers worth Rs 1542.70 crore today, as per the provisional stock exchange data. FII participation has been very heavy in the last two days. See our 'Market Statistics' page.

  • Important that Bank Nifty captures 19150 levels again, says Mitesh Thacker. We have kind of managed to hold the important level of 8800 and bounce back. I am still not sure whether we will break immediately above the earlier highs but what is important is that the Bank Nifty which was below 19000 managed to capture 19150 again.

  • I have been saying that 8800 is the important level to watch out for, we have kind of manage to hold that and bounce back. I am still not sure whether we will break immediately above the earlier highs but what is important is that the Bank Nifty which was below 19000 manage to capture 19150 again. So in case the Bank Nifty can stabilise for next few days and not start breaking below 19000 again then we have a chance for Nifty getting pass 9000 but it could be choppy for few days with 8980-8950 on the upside acting as supply zones while 8800 acting as some kind of strong support, he says.

NIFTY 3-Month

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