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Market Report

Friday, 26-June-2015


  • The Sensex swung in a range of around 250 points between an intra-day high of 27,921 and a low of 27,675 before ending at 27,811.84 today, lower by 84.13 points or -0.30%. The 50-share Nifty ended at 8,381.10, down 16.90 points, or -0.20% after touching a low of 8,339.70 and a high of 8,404.55 in intraday trade. The crucial psychological level of 8400 was crossed for the third consecutive day but the Nifty failed to close above that level.

  • For the week ended June 26, The Sensex surged 495.67 points higher or +1.8 per cent, while the Nifty rose 156.15 points or +1.8 per cent.

  • Benchmark share indices had a choppy ride on the first session of the July F&O series before ending with modest losses, amid weak Asian cues as the Shanghai markets slumped on margin crackdown and policy uncertainty. The floundering Greece debt talks amid a looming deadline on Tuesday further added to the sense of nervousness on Dalal Street.

  • There was fairly high activity seen by FIIs in the derivatives markets, mainly due to the monthly expiry week in F&O segment. For the week, FIIs were net buyers of more than Rs 8,000 crore, albeit for the month they are net buyer of Rs 3,000 crore therefore suggesting that there was some bit of short-covering by FIIs in derivatives segment during the last week. Overall, markets are expected to remain in a trading zone for some more time, say experts.

  • Meanwhile, RBI Governor Raghuram Rajan has asked central banks from across the world to define "new rules of the game" as he warned that the global economy may be slipping into problems similar to the Great Depression of the 1930s.

  • Markets finding feet; midcaps likely to play catch-up, says Mitesh Thacker. We expect stock-specific action in the coming days. The market has taken a breather after getting into a minor upmove. We are now possibly finding feet at higher levels. Typically this should lead to further high levels unless a very negative news flow comes in. In case there is some kind of minor decline, then the market would bounce back from lower levels. Those levels could be 8,240-8,250 on the Nifty. Therefore, unless Nifty breaks 8,250, declines should be used to buy into the markets, he adds.

NIFTY 3-Month

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