IntradayTrade dot Net dot IN
Market Report

Monday, 19-June-2017


  • The S&P BSE Sensex jumped 255.17 points, or +0.82 per cent, today to close at a fresh closing high of 31,311.57 with Adani Ports being the top gainer and Infosys the worst laggard. The NSE's Nifty50 rose 69.50 points, or +0.72 per cent, to end the session at 9,657.55 today, with 33 constituents settling in the green. The Sensex rallied as much as 300 points at one point of the day.

  • The benchmark S&P BSE Sensex and Nifty Bank extended morning gains to settle at record closing high today as banking stocks gained after the RBI asked banks to start banktruptcy process against 12 large loan defaulters identified last week, raising hopes that reduction of bad debt will start to quicken. In the most significant development of the day, the BSE Bankex opened positive and then rallied some 255 points to hit a lifetime high of 26,844.

  • The Nifty50 index reclaimed the psychologically important 9,600 level today and formed a white candle on the daily charts after forming red candles for five consecutive sessions. The index negated the formation of lower tops and lower bottoms and saw a breakout on the upside from its falling channel on the hourly charts. Now, it has to continue to hold above 9,620 to witness an upward move towards its lifetime high of 9,709 and 9,750 marks, while on the downside, supports are seen at 9,580 and 9,550 levels.

NIFTY 3-Month

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