30 April 2015

NIFTY VIEW OF THURSDAY 30 APRIL 2015

Nifty Logging its third straight weekly fall, Nifty moved down this week between 8347 to 8140 the Sensex slipped by 214 points to end at 27011, while Nifty ended below the 8200 mark on account of declines in blue chips as the monthly derivative contract expired today. Across-the-board selling on the last day of April series derivative contracts, Nifty ends Apr series at 8181,  Sensex falls 427 pts in week. MAT worries, disappointing Q4 results so far and sluggish global cues pulled down markets. The Nifty tumbled below the 8200-level by falling 58 points to close at 8183 During the session, it moved between 8229 and 8140.
The BSE 30-share barometer after resuming a shade higher at 27242 fell back below the 27,000-mark and gradually moved down to a low of 26897 before concluding at 27011, a fall of 214 points. In Asian markets mostly fell in line with an overnight sell off in the US markets, after growth data fell well short of forecasts. “The F&O expiry and other negative factors including muted Q4 earnings have dampened market sentiments. On Thursday, the 30-stock Sensex ended above the crucial level of 27000, while the Nifty held on to 8200, even though it slipped below 8150 in intraday trade.

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