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Market Report

Wednesday, 23-Mar-2016

NSE

  • The Sensex finally closed at 25,337.56 today, up 7.07 points or +0.03 per cent. The NSE's Nifty50 ended at 7,716.50 today, gaining 1.60 points or +0.02 per cent. On Tuesday, the 30-share BSE benchmark had closed with a gain of 45.12 points at 25,330.49, while the broader Nifty had settled 10.65 points higher at 7,714.90.

  • The domestic equity market swung between gains and losses all through today, as cautious investors lightened long positions going into a long weekend while some others used lower prices to accumulate stocks. The BSE Sensex had opened with a gap down and then slipped further to record a 174-point loss, but then rallied over 200 points after the European markets opened strong. A late hour recovery, after a volatile session, allowed the Nifty to defend the 7,700 level. But geopolitical concerns following the deadly terror attacks in Brussels on Tuesday capped gains.

  • Meanwhile, foreign institutional investors continued to remain buyers in Indian equities with net purchases of Rs 1,095.44 crore on Tuesday, and 976.91 crore today, as per provisional stock exchange data. See our 'Market Statistics' page.

  • Experts are hopeful that the market may see strength on Monday. The key thing is that no selling emerged through the day, indicating that people are not overly worried about the long weekend ahead. It is not very easy to say where the market will open four days later, but we should go with the bias and remain long at least partially for Monday, said Dr CK Narayan.

NIFTY 3-Month

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