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Market Report

Monday, 24-July-2017

NSE

  • The 30-share BSE Sensex settled 216.98 points, or +0.68 per cent, up at 32,245.87 today, while NSE Nifty index closed 51.15 points, or +0.52 per cent, up at 9,966.40 today. The 50-share index needs just 34 points to hit the psychologically important level of 10,000. As many as 29 index constituents ended in the green and 22 in the red.

  • The domestic market had a perfect start to the week, with both Sensex and Nifty scaling fresh record highs, in intraday and on closing, following strong gains in heavyweights. The Nifty opened at a record high of 9,936 and gradually bettered that record as the session progressed. It hit an all-time high of 9,982.05, before closing the day at 9,966. The Sensex has also recorded a all-time intraday high of 32320.86 today.

  • The Nifty50 hit a record closing high of 9,966, just shy of the historic 10,000 mark, today after a week-long struggle to take out its previous all-time high of 9,928. It broke out of the consolidation of last seven sessions and closed with a gain of around 50 points. The index formed a Bullish Candle on the daily chart, and it is just a matter of time before the index hits the five-digit mark, analysts said. Now, it has to continue to hold above 9,928 to witness an upward move towards 10,000 and then 10,100 levels, while on the downside, supports are seen at 9,880 and then 9,850 levels.

NIFTY 3-Month

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