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Market Report

Friday, 05-Feb-2016

NSE

  • The 30-share Sensex of the BSE ended at 24,616.97 today, up +1.14 per cent or 278.54 points. The NSE's Nifty50 settled at 7,489.10 today, up +1.15 per cent or 85.10 points.

  • Tracking mixed cues from global markets, the domestic equity market notched up handsome gains for the second day today, led by a rally in banking, metal and IT stocks. A strong rally in the US market in overnight trade amid a rebound in crude prices helped investor sentiments on Dalal Street.

  • Globally, Asian markets finished on a mixed note in anticipation of the US jobs data that can provide some clues to the US Federal's next monetary policy review.

  • In a crucial announcement, the Reserve Bank of India Deputy Governor H R Khan said the apex is open to regulatory changes so as to give a boost to investment in infrastructure sector. Further, chief economic advisor, Arvind Subramanian said that low global commodity prices is a plus for India infra investment.

  • We are just above the 7450-7460 zone but the breakout is not very conclusive, said Mitesh Thacker. We have been hovering around there for about three years now and I am not sure whether we are going to see a proper breakout or not, said Thacker.

NIFTY 3-Month

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