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Market Report

Friday, 01-Apr-2016

NSE

  • The S&P BSE Sensex ended down 72.22 points, or -0.28 per cent, at 25,269.64 while the Nifty50 slipped 25.35 points, or -0.33 per cent, to settle at 7,113.05 today.

  • The Nifty50 made a feeble start to the financial year 2017 on Friday but was still trading above its crucial support level of 7,700. Despite a marginal recovery in late trades benchmark share indices ended the first trading day of fiscal 2017 on weak note, amid weak global cues, with IT shares leading the decline.

  • Shares fell a day after hitting a near three-month high, as investors braced for yet another weak quarter for earnings, and after weak business sentiment data from Japan rekindled worries over global growth. Global cues remained weak with mixed macro economic data especially from Japan and China while caution was also seen ahead of US jobs data today.

  • The domestic stock market played the April Fools' Day joke with investors today, with the Sensex swinging 235 points between gains and losses through the day. In the process, BSE Smallcap and BSE Midcap indices emerged on top while the 30-pack Sensex ended down. The day was not as bad for equities as it seemed. As many as 1,719 BSE stocks advanced for the day against 818 that declined.

NIFTY 3-Month

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