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Market Report

Monday, 10-July-2017


  • The S&P BSE Sensex soared 355.01 points, or +1.13 per cent, to end the session at a fresh lifetime closing high of 31,715.64 today, while the NSE's Nifty50 gained 105.25 points, or +1.09 per cent, to close at fresh lifetime closing high of 9,771.05, with 45 components ending in the green and six in the red. Both indexes also hit their intraday life-time highs in today's session at 31,768.39 and 9782.15 respectively.

  • Dalal Street investors woke up to a rare nightmare today as the NSE faced an unprecedented technical glitch in its 25 years history, creating utter chaos and confusion among traders. After complete shutdown for the entire first half of the day, the stock exchange finally succeeded in catching the bug in its systems and resume normal trading in its third attempt at 12:30 pm. Post the nightmare came the jubilation, as the equity benchmarks hit fresh closing highs. The NSE benchmark Nifty50 topped its much anticipated 9,700 level and the S&P BSE Sensex ended over 31,700 for the first time ever, backed by surge in technology, telecom and realty stocks.

  • On a day when the trading was halted on NSE for three long hours, the Nifty50 surged to a record high, leaving behind all major short-term moving averages by a good distance. The index closed above the 9,700 level in what analysts called a decisive breakout. Some experts saw the next resistance for Nifty only after the 9,800 level. Now, the index has to hold above 9,700 to extend its upward move towards 9,850 and higher. Supports are seen at 9,650 level on the downside.

NIFTY 3-Month

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