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Market Report

Wednesday, 27-Apr-2016

NSE

  • The S&P BSE Sensex ended at 26,064.12 today, up 56.82 points or +0.22 per cent. The broader Nifty50 closed at 7,979.90 today, with a gain of 17.25 points or +0.22 per cent.

  • Both the Sensex and the Nifty finished the session at 2016 closing high and the Nifty traded above its crucial psychological level of 7,950 through the day, on sustained buying interest amid rise in crude oil prices and appreciating Rupee. Analysts are turning bullish that the Nifty can actually reach the 8,200 level in the coming week.

  • The market opened in the red, but bounced back quickly to notch up gains. Throughout the day, the market continued to trade with marginal gains. Meanwhile, investors are keenly awaiting policy decision from the US Federal Reserve later today and the expiry of April derivative contracts on tomorrow.

  • This market still has more legs and we'll see significantly higher levels as the month progresses. The earnings season has been decent. Monsoon will also act as a trigger. Hopefully, we'll have more surprises than accidents. My sense is that the next few months could be very good for equities, said Dipan Mehta, Member, BSE & NSE.

NIFTY 3-Month

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