IntradayTrade dot Net dot IN
Market Report

Tuesday, 15-Sept-2015

NSE

  • The S&P BSE Sensex closed 150.77 points, or -0.58 per cent, lower at 25,705.92 after remaining range-bound throughout the day on mixed cues from most Asian and European markets. The broader 50-shares NSE Nifty index ended 43.15 points, or -0.55 per cent, lower at 7,829.10 today after touching a low of 7,799.75 in intraday.

  • Caution among investors was in ample display in the domestic market throughout the day. Indian market is likely to remain volatile ahead of the US Federal Reserve rate hike, and probably post the events as well, say experts. The US central bank is likely to decide whether or not to make its first interest rate increase since 2006. The Fed has said it will raise rates when it sees a sustained economic recovery with emphasis on jobs and inflation.

  • Break below 7,780 may push Nifty lower towards sub-7600 levels, says Mitesh Thacker. I still do not have a very clear directional bias on this, so we will wait for the index to give some kind of signal. If we start breaking below 7780 then you might get a possible retest of sub 7700 levels even 7600 could happen over there and on the upside I do not think we are possibly looking at levels beyond 7950 in the short term. With the event you might get a 80 to 100 point kind of a movement immediately happening but otherwise I do not see directional call, a big directional movement happening in the market for next few days to come by, he adds.

  • There is no positive trigger as of now. The only expectation is if the Fed keeps rates unchanged, there could be a possible rate cut in India, said Alex Mathews, head of research at Geojit BNP Paribas.

NIFTY 3-Month

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