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Market Report

Thursday, 09-Sept-2010

NSE

  • The market ended the truncated week of trade on a happy note. The choppy session ended with the Sensex gaining 132 points from the previous close and closing at 18,799. Nifty also added on 32 points and pulled down its shutters at 5640.

  • It was a good week of trade, though truncated. Sensex gained 3.2% and Nifty 2.5% during the last four trading sessions. CNX Midcap index added 2% and BSE Smallcap index, 3.5% this week.

  • Do not expect the market to correct unless short-covering takes place, says Arvind Pruthi, VP, Karvy Stock Broking, on Zee Business.

  • India is the most expensive market in BRIC, says Robert Parker, Credit Suisse Asset Management, on Bloomberg UTV. With inflation being a major concern for the country, the markets there face headwinds of higher interest rates, he adds.

NIFTY 3-Month