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Market Report

Friday, 22-Apr-2016


  • The S&P BSE Sensex ended -0.16 per cent or 42.24 points lower at 25,838.14 today. The broader Nifty50 of the NSE closed at 7,899.30 today, down 12.75 points or -0.16 per cent. In line with sideways trading in most Asian markets, our market traded in a narrow range with a negative bias for most of the day.

  • With no major trigger to act upon, the equity market ended on on a flat note with a downward bias today with Sensex snapping the six day winning streak. Investors seemed cautious during the ongoing fourth quarter earnings season. The Nifty has lost the crucial 7,900-mark at closing today after holding it for 3 sessions.

  • Sentiment in the global market, too, was mixed. European stocks are trading weak at this time, weighed down by fall in auto stocks on worries that the emissions scandal could spread to more car makers.

  • The market is broadly in a good shape. There might be some correction, but FY17 and FY18 are going to be two big years for India, said Vikram Kotak of Crest Capital.

  • After market hours: Reliance Industries today reported a +16% jump in the March quarter net profit to a record quarterly earning of Rs 7,398 crore on the back of higher refining and petrochem margins. The company said it posted a record quarterly consolidated PBDIT (profit before depreciation, interest, and taxes) of Rs 13,994 crore, up +16.9 per cent.

NIFTY 3-Month

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