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Market Report

Thursday, 10-Feb-2011

NSE

  • The markets declined moderately today and it was large cap stocks that were primarily under selling pressure. The stocks of ADAG group performed well today and they played important role in stopping the slide of the markets. IT and realty were the two prime losers today while healthcare and auto were among the performers of today's trade. The Sensex closed at 17463, down 129 points from its previous close, and Nifty shut shop at 5225, down 27 points.

  • The Nifty has good support at 5150-5200 level and probably the index would hold on to the level at least for this month, says Kunal Saraogi of Equityrush on NDTV Profit.

  • The Nifty is close to a bottom at the 5100 levels and would slowly begin to rise up again, says Vibhav Kapoor of IL&FS on CNBC TV18. However, he does not see the market crossing the 5700 mark at least till May-June, 2011. He believes that the Indian equities currently are in an ongoing bear market but stock valuations were almost at par with other markets at the moment.

  • Inflation: Primary articles inflation for week ended January 29 has come in at 16.24% versus 18.44% (WoW), food group inflation is at 13.07% versus 17.05% (WoW) while fuel group remains unchanged at 11.61% (WoW), reports CNBC TV18.

NIFTY 3-Month