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Market Report

Tuesday, 22-Mar-2016

NSE

  • The S&P BSE Sensex ended the session higher by 45.12 points, or +0.18 per cent, at 25,330.49 today while the 50-share Nifty50 closed at 7,714.90 today, up 10.65 points or +0.14 per cent.

  • Markets ended higher for third straight day as indices reversed all its losses amid late buying in index heavyweights HDFC and RIL. Benchmark indices witnessed selling pressure till late afternoon trades on account of profit booking at higher levels while the terror attack at an airport in Brussels also dampened sentiment.

  • The BSE benchmark traded with losses for a large part of the session, slipping 201 points at one point before staging a pullback that most experts saw as a positive sign. Earlier the market had tanked in knee-jerk response to serial blasts in the Belgian capital city of Brussels, which infused weakness in European markets.

  • European markets are now trading with deep cuts on account of heightened security concerns after a series of blasts rocked Brussels. Elsewhere in Asia, equity markets ended mixed as worries over a possible Fed rate hike in April heightened following comments by US Fed officials.

  • Experts believe the Nifty50 may take a breather after the recent rally. They, however, say stability in the commodity prices and a rate cut by RBI can lift the market higher. It might have looked like a sea of red, but it was not. The market has just had a normal kind of pullback. So it should be business as usual, said Dr CK Narayan.

NIFTY 3-Month

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