IntradayTrade dot Net dot IN
Market Report

Friday, 17-June-2016


  • The S&P BSE Sensex surged 100.45 points, or +0.38 per cent, to close at 26,625.91 and the Nifty50 gained 29.45 points, or +0.36 per cent, to end at 8,170.20 today. Among broader markets, BSE Midcap index slipped by -0.1% whereas BSE Smallcap index was up +0.3%.

  • Benchmark indices ended higher amid volatile trade, supported by firm global cues and favorable macro-economic data. However, investors have turned cautious over the likelihood of Britain leaving the European Union.

  • Meanwhile, India's CAD declined sharply to $0.3 billion or 0.1% of its GDP in the fourth quarter ended March for financial year 2015-16, against $7.1 billion in the third quarter ended December 2015 which further lifted the mood.

  • Recent domestic cues by way of aviation policy and the developments in the banking sector also embellished upside hopes, says Anand James of Geojit BNP Paribas. However, the slow progress of monsoons is being increasingly viewed with a touch of concern, especially in the backdrop of prices of pulses, sugar etc. going up, he adds.

NIFTY 3-Month

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