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Market Report

Tuesday, 19-Sept-2017


  • The BSE Sensex snapped an eight-day winning streak to settle at 32,402.37 today, down 21.39 points, or -0.07 per cent. Only 1,310 stocks out of 2,767 that traded on BSE for the day, ended higher. NSE barometer Nifty50, on the other hand, hit a fresh record high of 10,178.95 at the opening bell. But it could not produce any further winners. The index closed the day at 10,147.55 today, down 5.55 points, or -0.05 per cent.

  • In a lacklustre session, the benchmark indices turned sideways after hitting record high and snapped the eight-session long rally to end lower today as investors remained cautious ahead of the US Federal Reserve's two-day policy meeting beginning later today. Overseas, European markets were trading lower and Asian shares also wavered, hobbled by uncertainty as traders waited on a Fed meeting for clues on US monetary policy.

  • The Nifty50 today hit a record high, but failed to continue the momentum and eventually settled in the red. The index traded in a thin range through the session and formed a bearish candle on the daily chart, suggesting that investors have turned cautious at higher level, ahead of US Federal Reserve's two-day policy review that begins later in the day. Analysts believe the index needs to break above the 10,180 level on a closing basis, failing which it can come under selling pressure. The index may find support in the 10,115-10,080 range, they said.

NIFTY 3-Month

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