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Market Report

Friday, 28-Aug-2015

NSE

  • Continuing its winning streak, the S&P BSE Sensex rose 161.19 points, or +0.61 per cent, to settle the day at 26,392.38 today. The broader 50-share Nifty barometer gained 53.00 points, or +0.67 per cent, to close the session at 8,001.95 today. The Sensex trimmed its intraday gains after rallying over 450 points in trade today. The Nifty index too pared its intraday gains due to a subdued opening in Europe.

  • The markets gained for the second straight sesssion to kick-off the September F&O series on a robust note, buoyed by heartening US economic data, fresh stimulus injection in China earlier in the week, ebbing global volatility after the bruising sell-off on Black Monday and dimming prospect of a Fed rate hike in September. The government's announcement of the ambitious Smart City project, involving investments of Rs 48,000 crore for development of 100 smart cities, seems to have also fuelled the positive sentiment back home.

  • Earlier in the day, most Asian markets ended on a mixed note. Major European markets were trading flat when our market closed. On the commodity front, crude oil futures rose today in Asian trading, adding to their biggest one-day rally in over six years the day before led by recovering equity markets and news of diminished crude supplies.

  • Snapping its gains from the previous session, the rupee lost 14 paise to 66.18 against the American currency following fresh demand for the US currency from banks and importers on the back of higher dollar overseas.

NIFTY 3-Month

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