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Market Report

Thursday, 26-Oct-2017

NSE

  • The 30-share BSE Sensex closed 104.63 points, or +0.32 per cent, up at 33,147.13 today, while NSE Nifty index closed 48.45 points, or +0.47 per cent, up at 10,343.80 today, with 33 out of the 50 components ending in the green and 17 in the red. Benchmark indices rose in the last leg of the trade to ended the day at fresh highs at October expiry with Nifty50 surpassing 10,350-mark. The broader markets ended at fresh high too.

  • S&P BSE Sensex settled at a new intraday high of 33,196 while the Nifty50 also achieved a new milestone, hitting a fresh life-time intraday high of 10,355, mainly supported by the domestic equity markets during the second half of trade. The market remained flat for most of the day, faltering a bit after having touched record highs in the previous session as investors booked profits in recent outperformers such as State Bank of India. Although the benchmark indices swung between positive and negative territories through the day, they managed to hit the zenith at close.

  • The Nifty50 today continued to form higher highs and higher lows and settled the October series futures & options contracts at a fresh closing high. The index made a Strong Bullish Candle on the daily chart and was on the verge of hitting the overbought territory as suggested by its 12-day RSI. The 50-pack index opened marginally lower and stayed in the negative terrain in morning trade only to rebound and hit a record high during the session. The index saw some sharp moves due to expiry of October series futures and options contracts. Now, it has to continue to hold above 10,300 to extend the rally towards 10,400 and then 10,500 levels, while on the downside supports are seen at 10,250 and then 10,178 levels.

NIFTY 3-Month

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