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Market Report

Monday, 28-Dec-2015

NSE

  • The S&P BSE Sensex closed the day higher by 195.42 points, or +0.76 per cent, at 26,034.13 while the 50-stock barometer Nifty50 ended at 7,925.15 today, up 64.10 points, or +0.82 per cent up. NTPC and Dr Reddy's Labs were the top gainers on the BSE benchmark.

  • Festive cheer was finally seen on D-street as the last week of the calendar year 2015 commenced in the green today, with the Sensex brushing past the 26,000 mark while Nifty raced closer to 8,000. The domestic equity market indexes shrugged off weak global cues and gained around 1% to end at their highest levels since December 3, 2015, for the fourth time in six sessions after the US Federal Reserve had hiked rates on December 16.

  • Shares in Europe and Asia fell today in trade thinned by holidays in a number of financial centres, hit by slumping oil prices and concerns over Chinese growth and finances - two of the year's major factors. Prices of both Brent and US crude fell -1.8 percent, reversing a brief rebound that helped shares in the Middle East over the weekend, while Chinese stocks fell almost -3 percent after a weak batch of industrial profits data.

  • The fact that we are close to target levels of around 26,150, given that we might not have a very favourable risk reward equation, said Mitesh Thacker. My idea or advice would be to maintain a hold on the Sensex. Investors will remain cautious ahead of F&O expiry of the December series, scheduled for December 31, he adds.

NIFTY 3-Month

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