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Market Report

Thursday, 27-Jan-2011

NSE

  • The markets took sharp cuts today and not a single sector was spared from the beating. Realty, metal, healthcare and consumer durable sectors were the prime losers of today's trade and broader markets were equally beaten down. The Sensex closed at 18684, down 285 points from its previous close, and Nifty shut shop at 5604, down 83 points.

  • As the Nifty has broken 200 DMA level it can go down to 5400 level as selling pressure would come in the markets, says Shardul Kulkarni of Angel Broking on CNBC Awaaz.

  • The markets have probably completed the kind of fall which it wanted to and the rollover position today is probably on a lower side suggesting that the Nifty is not going to change its behaviour in February, says Deven Choksey of KR Choksey on CNBC TV18. It is probably going to follow the same pattern, which it has largely followed so far and likely to come out of this pattern only when it crosses 5800-5830 levels, he adds.

  • Inflation: Primary articles inflation for week ended January 15 has come in at 17.26% versus 17.03% (WoW), food articles inflation is at 15.57% versus 15.52% (WoW) while fuel group inflation is at 10.87% versus 11.53% (WoW), reports NDTV Profit.

NIFTY 3-Month