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Market Report

Thursday, 27-Apr-2017

NSE

  • The 30-share BSE Sensex closed 103.61 points, or -0.34 per cent, down at 30,029.74 today, while the 50-share Nifty index settled 9.70 points, or -0.10 per cent, down at 9,342.15 today. Equity benchmarks Sensex and Nifty snapped their three-day winning streak tosday as the April series futures and options contracts expired. Weak Asian cues also weighed on sentiment.

  • A day after scripting history, the domestic stock market lost some momentum today and ended marginally in the red owing to profit booking by investors amid expiry of April series F&O contracts. Global markets also eased as a long-awaited US tax cut plan unveiled by Donald Trump on Wednesday failed to inspire investors. Street also stayed cautious waiting to hear from European Central Bank meet.

  • The Nifty50 seemed to be taking a pause after a swift 250-point rally in last three sessions. The market undercurrent is still positive, as the index is making higher lows. Now, the Nifty50 has to hold above 9,350 to extend its uptrend towards 9,400 and 9,420 levels. Multiple supports are seen at 9,280 and 9,250 levels. The Street is now eyeing 9450 in the Nifty, say experts.

NIFTY 3-Month

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