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Market Report

Thursday, 28-Jan-2016


  • The benchmark BSE Sensex closed 22.82 points lowere, or -0.09 per cent, at 24,469.57 today while the NSE's Nifty50 ended the day at 7,424.65 today, down -0.18 per cent or 13.10 points.

  • Benchmark indices ended flat amid a listless session for the third consecutive day as traders rolled over positions in the derivatives segment from January series to February series, amid lack of fresh cues and lacklustre earnings.

  • The US Federal Reserve decision to leave interest rates unchanged lifted sentiments in some of the markets globally. Strong third quarter numbers from Vedanta and PowerGrid also boosted the market in the second half. A bounce in oil prices also offered some respite.

  • Shares of construction, cement and construction material companies surged as much as 9 per cent in afternoon trade today after the NDA government announced the first list of 20 cities selected under the flagship 'Smart City' project.

  • We are still in the range of 7,410-7,480, said Mitesh Thacker. Last four days, we have been squeezing into this range. Once we get a breakout, we will have some more directional clarity for people who are trading with a short-term bias, he adds.

NIFTY 3-Month

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