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Market Report

Friday, 15-Sept-2017


  • Sensex, the BSE benchmark, settled the day at 32,272.61 today, up 30.68 points, or +0.10 per cent. The NSE barometer, Nifty50, shot up in late hour of the trade and at one point was hovering above 10,100 level. But the index eventually settled 1.20 points, or -0.01 per cent lower, at 10,085.40 today with 21 stocks ending in the green and 30 in the red.

  • The quest for benchmark indices hitting fresh lifetime highs got extended today, as flaring up of Korea tension hit investor sentiment once again. Yet the domestic market staged a smart recovery to settle flat. The indices were up +1% for the week. Global stocks remaind subdued after North Korea fired another missile over Japan into the Pacific Ocean early today, in a sign that Pyongyang remains defiant despite tightening international sanctions.

  • The Nifty50 index had a volatile session on Friday. It opened in the negative but managed to pare losses in the final hours and finally close on a flattish note near to 10,085 mark. It failed to surpass previous day's high and negated the formation of higher lows. It has been making Spinning Tops for last three consecutive sessions, which indicates a tough fight between the bulls and the bears near its lifetime high level. The broader market trend remained positive, but if the Nifty50 sustains below 10,050, then some profit booking could be seen towards 10,000-9,980 zone. On the upside, a decisive move above 10,138 could commence the next leg of rally towards 10,200 and higher levels.

NIFTY 3-Month

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