STOCK MARKET REVIEW: 17THJANUARY 2012
Yesterday despite the fact the nine of the European countries have been downgraded nifty managed to keep its head above. And following the 1.5 % gain in DAX the German index, nifty today pounced up and closed almost 2% up from the previous close. The lower inflation numbers and the appreciation of rupee against the dollar also motivated the traders the trend looks to have reversed and the upward move can be expected here on.
BSE SENSEX ended at 16,466, up 277 points or 1.71% from the last close. It earlier touched a day's high of 16,501 and day’s low of 16,270. NSE NIFTY closed at 4,967 up 94 points. The index hit an intra-day high of 4,975 and an intra-day low of 4,904.
The BSE Mid-Cap index gained 1.34% while the BSE Small-Cap index was up 1.07%.CNX MIDCAP 50 index was down 1.18% and S&P CNX 500 was up 1.74%.
THINGS TO KEEP AN EYE ON FOR TOMORROW SESSION:
Result season is going to to be the rule book to play the stock market.
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