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Market Report

Monday, 18-March-2019

NSE

  • The Sensex ended 70.75 points, or 0.19 per cent, higher at 38,095.07 today, while the Nifty settled 35.35 points, or 0.31 per cent, up at 11,462.20 today. Midcaps and smallcaps underperformed the Sensex as their sectoral indices on BSE fell 0.20 per cent and 0.13 per cent respectively. Of the 50-shares in the Nifty, 31 closed with gains while 19 ended the day in the red today.

  • In a day marked by volatile trading, market indices closed higher for the sixth straight day today. Nifty reclaimed the 11,500 mark during the day and Sensex closed the day at a 6-month high due to gains in shares of banking, financials, oil & gas and metal heavyweights. The market opened with strong gains, but turned volatile amid profit booking in certain sectors, including auto, IT and technology. However, the session ended on a positive note and sentiment remained upbeat on hopes of a dovish policy from the US Fed later this week.

  • The Nifty50 opened positive today, but failed to hold above 11,500 and slipped towards the 11,400 level. However, it recovered from the day's low and closed near its opening levels to form a long legged candle, which is similar to a spinning top. The index has so far sustained above the 11,400 level for a couple of sessions now. Any sustainable move below this level would trigger profit booking towards 11,380-11,350 and 11,320 levels. Meaning, the index now has to continue to hold above 11,400 to extend its move towards 11,550.

NIFTY 3-Month

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