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Market Report

Wednesday, 20-Apr-2016

NSE

  • The 30-share Sensex closed the day at 25,844.18, up +0.11 per cent or 27.82 points, while its 50-share counterpart gained 0.05 points or 0 per cent to end at 7,914.75 today. Opening after a day's holiday break, the S&P BSE Sensex opened with a good 100-point rally while the NSE's Nifty50 started above the key resistance level of 7,900. But the benchmark indices embarked on a downward slide soon after and kept swinging between gains and losses all through the trading session.

  • Markets ended flat amid choppy trades shrugging off weak global cues with the benchmark Nifty rising +5% in the past six consecutive trading sessions. Profit-booking in IT shares and weakness in auto, banks and select index heavyweight stocks dragged the markets. However, strong buying among metal shares helped the markets to end marginally positive.

  • Domestic markets turned sluggish today as investors booked profit following poor cues from China even as weak crude prices turned the sentiment negative. Weakness in Asian and European markets after two days of gains also weighed on investor sentiments.

  • There is absolutely no doubt about the future of Indian equity market; and if earnings go up, the market will go up too, said ace investor Rakesh Jhunjhunwala. We are an early stage of a long-run bull market; Invest in the market and expect reasonable returns, he added.

NIFTY 3-Month

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