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Market Report

Tuesday, 12-Apr-2016


  • The S&P BSE Sensex ended at 25,145.59 today, up 123.43 points or +0.49 per cent. The NSE's Nifty50 index gained 37.55 points, or +0.49 per cent, to close at 7,708.95 today. In the broader market, the BSE Midcap and Smallcap indices ended up nearly +1% each. Market breadth remained positive with 1511 gainers and 1111 losers on the BSE.

  • Benchmark share indices extended gains for the second consecutive day today led by a rally in auto and agri-based stocks amid above normal monsoon forecast in a truncated week. The market opened flat and continued to trade in a zigzag pattern. But there was a buying frenzy after sources at the Indian Meteorological Department confirmed private forecaster Skymet's prediction of a good monsoon.

  • While investors initially looked cautious ahead of the industrial production and retail inflation data scheduled to be released later in the day, the market made a smart recovery by 2pm. Investors also tracked cues from Dow futures contracts, which were trading +0.24 per cent higher just before the domestic market closed for the day.

  • Experts, however, were still asking for more, as they expected the market to trend further upward. No one is really complaining as long as it remains upward and somewhat consistent. I do not think there is too much to complain about except for the pace of the advance. Everybody would have loved it had it been more robust than what it has been so far, said Dr CK Narayan.

NIFTY 3-Month

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