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Market Report

Thursday, 31-Mar-2016


  • The S&P BSE Sensex closed higher by 3.28 points, or +0.01 per cent, at 25,341.86 while the 50-share Nifty50 ended at 7,738.40 today, up 3.20 points, or +0.04 per cent. NSE's Nifty dropped by 752.60 points or -9.72 per cent during the year to settle the fiscal at 7,738.40 today.

  • The domestic equity market closed flat as global rating agency Standard & Poor's downgraded its outlook for China to negative from stable and the expiry of March series futures & options contracts weighed on investor sentiments. Investors, though, stayed put on their risk-on bets in the face of weak cues from European and other Asian markets.

  • In its worst show in four fiscals, the market benchmark Sensex today ended 2015-16 with a yearly plunge of -9.36 per cent, leaving investors poorer by nearly Rs 7 lakh crore. Heavy crash in commodity prices, first rate hike by the US Federal Reserve in nearly a decade, global slowdown, especially in China, and slower pace of key domestic reforms pulled Sensex down by 2,615.63 points or -9.36 per cent during the year, its worst performance in a fiscal since 2011-12.

  • The National Stock Exchange saw record turnover of Rs 6.48 lakh crore in futures and option (F&O) segment today at the expiry of the current month's derivative contracts. It registered a jump of over 3 per cent over its previous record turnover of Rs 6.27 lakh crore recorded on April 30, 2015, NSE said today.

  • From a short term perspective, I think we did see the markets stay above 7,750 most of the day but the kind of decline that we have seen in the last 20-30 minutes it definitely calls for a short term trade. Since the markets are in the overbought zone it is time to take a very stock specific approach and definitely booking profit at these levels is definitely recommended, said Manav Chopra of Monarch Networth Capital.

NIFTY 3-Month

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