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Market Report

Friday, 21-July-2017

NSE

  • Sensex closed 124.49 points or +0.39 per cent higher at 32,028.89 today, while the Nifty50 closed the day at 9,915.25 up 41.95 points or +0.42 per cent, with 26 constituents ending in the green and 25 in the red. Nifty Bank scaled fresh record closing high at 24,257 while Nifty Pharma and Nifty Realty ended the session in red.

  • In a highly volatile session, the domestic equity market ended on a positive note with BSE Sensex just 40 points shy from its record high level and Nifty50 closing near its all-time high. The 30-share pack had opened at 32,035.88 and touched an intraday high and low of 32,062.23 and 31,808.93, respectively, as index heavyweights Wipro and Reliance hogged the limelight. The Sensex witnessed a 253-point swing during the session.

  • The Nifty50 index had a volatile session today but the bulls finally managed to have a tight trip and take the Nifty50 beyond the 9,900 mark on a closing basis. The index hit a high of 9,924.73 that was just 4 points shy of its previous lifetime high at 9,928 level touched on July 17. The index was unable to hold the 9,900 level on a closing basis ever since. A 'Hanging Man' pattern was formed today when the index witnessed significant downside in early trade, but the bulls managed to push it back to the opening level before closing. This indicates buying interest is on the decline. The Nifty50 appears to be stuck in the 9,930-9,800 range, and a directional move is likely to emerge only after a breakout from this range. On the downside, supports are seen at 9,850 and 9,820 levels.

NIFTY 3-Month

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