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Market Report

Thursday, 24-Dec-2015

NSE

  • For the holiday-truncated week, Sensex, the 30-share pack lost 11.59 points, or -0.04 per cent, to end at 25,838.71 points. The NSE Nifty50 lost -0.06 per cent or 4.90 points during the day to end at 7,861.05 today.

  • Markets ended flat on eve of Christmas Day amid lacklustre participation from traders and investors in wake of the truncated week and caution ahead of the expiry of November derivative contracts next week. Meanwhile, crude oil prices came off its multi-year lows after data released overnight showed US crude inventories has dropped unexpectedly previous week.

  • After starting the day strongly, our indexes pared all the gains and ended flat today, following weak trends in other Asian and European markets. Meanwhile, a fourth consecutive day of gains in oil prices helped lift European shares today, while an almost -1 percent fall against the euro this week took the shine off a strong 2015 for the dollar.

  • The Nifty50 is at the same place where it was yesterday, said Sandeep Wagle. It is in a low-trade zone. I, however, still believe the index is eyeing the 7,950 level, maybe not on Monday but over the next week, he says.

  • Indian Forex and currency markets were closed today on account of Id-A-Milad. Further, Indian equity, forex, money and commodity markets will remain closed tomorrow, Friday, on account of Christmas.

NIFTY 3-Month

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