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Market Report

Wednesday, 16-Mar-2016


  • At the end of a volatile trading session that saw a 352-point swing on the S&P BSE Sensex, the index closed higher by 131.31 points, or +0.53 per cent, at 24,682.48 today. The 50-share NSE Nifty50 closed at 7,498.75 today, up 38.15 points, or +0.51 per cent.

  • The domestic equity market made a smart recovery tosday after trading in losses through the day as investors shed caution ahead of the US Federal Reserve's policy review due later in the day. Investor sentiment was also aided by the uptick seen in most European markets as oil rebounded by over +2 per cent in London and New York.

  • Flows from foreign institutional investors (FIIs) turned negative for the first time on Tuesday after nine straight sessions of inflows post the Budget 2016, but experts are of the view that there is nothing to fear and investors should continue to hold on to their positions as the nervousness could be due to the expected outcome of the US Federal Reserve meeting. Net FII position is again positive today. See our 'Market Statistics' page.

  • It is still part of the ongoing consolidation. I think we have held on to key short-term daily averages around the 7,400-mark, and the consolidation is to trade actively, said Mitesh Thacker.

NIFTY 3-Month

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