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Market Report

Wednesday, 23-Dec-2015

NSE

  • Tracking the proceedings in Asian markets ahead of the holiday season, the 30-share S&P BSE Sensex closed at 25,850.30, up 259.65 points or +1.01 per cent, on Wednesday. The broader market barometer, Nifty50, rose 7,865.95 points, up 79.85 points or +1.03 per cent. Earlier in the day, both the indices hit their three-week highs.

  • During the yearend holidays, there has been no selling pressure from foreign investors so far. Plus, the current account deficit has narrowed to 0.6 per cent of GDP at $8.2 billion. Both these factors have lifted the mood of the domestic market.

  • Global stocks extended a rally into a third day on Wednesday as oil edged up from 11-year lows and the dollar eked out minor gains in trade gradually winding down for the holidays. European shares rose on the last full trading day before the Christmas break, following Asian bourses higher. Equity investors were also encouraged after gains of +1 percent in the Dow Jones industrial average lifted Wall Street for a second day on Tuesday.

NIFTY 3-Month

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