IntradayTrade dot Net
Market Report

Monday, 10-Jan-2011

NSE

  • The markets tumbled steeply and not a single sector could manage to remain in the green. Selling pressure was there across the board and IT was the only sector where the loss was less compared to its peers. Banking, capital goods, realty and auto were the prime losers of today's trade. The Sensex closed at 19224, down 467 points from its previous close, and Nifty shut shop at 5762, down 141 points.

  • The markets could correct 8-10% from current levels and companies are likely to see margin contraction in 2011, says Ajay Srivastava of Dimensions Consulting on CNBC TV18. He believes that pharma and consumer sectors will still outperform on uninterrupted government spending to the space.

  • We are currently cautious on the market and expect volatility in the short term, says Shishir Bajpai of IIFL on NDTV Profit. He sees very high political risk in India in CY'11 and believes earnings will continue to grow for corporates.

  • Inflation is going to be slightly more sticky than expected and actual inflation this year could be 7-7.5%, says Madhu Kela of Reliance Capital on CNBC TV18. Bank stocks are going to be attractive if they fall another 10-15%, he adds. He believes that there is a possibility of the US economy doing well and that Korea and Russia may see higher flows versus India this year.

NIFTY 3-Month