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Market Report

Monday, 21-Mar-2016

NSE

  • The S&P BSE Sensex ended up 332.63 points or +1.33 per cent at 25,285.37 and Nifty50 ended above 7,700- first time since January 6, 2016 as it finished at 7,704.25 today, up 99.90 points or +1.31 per cent. Broader markers outperformed their larger peers as BSE Midcap and Smallcap indices ended up by +1.4 per cent each.

  • Markets finished the session on a strong note as clamours for higher than expected rate cut by the Reserve Bank of India grew louder with bank shares leading the gains. Supportive global cues also helped. Going ahead, RBI rate cut, quarterly results and legislative action in the second half of the budget session will be the important triggers for the markets, apart from the global cues.

  • The S&P BSE Sensex surged over 100 points in morning trade today to reclaims its crucial psychological level of 25000, led by gains in ITC, HDFC, and ICICI Bank. The Nifty50 holds above its crucial support level of 7,600 supported by gains in consumer durable, realty, banks, auto, and oil & gas stocks.

  • The Rupee continued its winning streak for the fourth session by rising 4 paise to 66.46 against the US dollar today, despite mixed cues from Asian currency markets.

NIFTY 3-Month

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