IntradayTrade dot Net dot IN
Market Report

Thursday, 11-May-2017

NSE

  • The S&P BSE Sensex settled at 30,250.98 today, just 2.81 points, or +0.01 per cent, up after witnessing a 159-point swing during the day. The 30-share index, which opened at 30,309.71, against previous close of 30,248.17 hit an intraday high and low of 30,366.43 and 30,207.11, respectively. The broader Nifty50 of National Stock Exchange closed at 9,422.40 today, up 15.10 points, or +0.16 per cent, from its previous close with 29 constituents ending in the green.

  • The benchmark indices settled at record closing highs for the second straight session, but erased most of intraday gains as investors booked profits in recent outperformers such as Bharti Airtel and Hindustan Unilever, while negative opening in European markets also capped gains. In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices pared intraday gains to end flat.

  • Nifty50 hit a fresh record high of 9,450.65 in today's trade but lost direction midway, correcting towards 9,410. It eventually settled the day with small gains. In the process, the index made a small bearish candle on the daily chart and now needs to sustain above 9,380, if it were to continue its recent upmove towards a possible target of 9,500 and then till 9,600. For the coming session, 9,400-9,377 will provide decent support to the index.

NIFTY 3-Month

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