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Market Report

Thursday, 03-Mar-2011

NSE

  • The markets were quite volatile today and both the benchmark indices registered only marginal gains at close. Auto with its good numbers was the lead gainer today and was closely followed by capital goods sector. Metal and oil & gas were the laggards of today's trade. The Sensex closed at 18489, up 43 points from its previous close, and Nifty shut shop at 5536, up 13 points.

  • The downside now appears capped and in the short term, the market may not go below 5250-5230, says Mitesh Thacker, technical analyst, on CNBC TV18. The market is likely to be in a trading range of 5200 and 5600 for the next 3-4 days, he adds.

  • A spike in global crude prices due to social unrest in West Asia and North Africa has compounded India's macro problems of a large triple deficit and high inflation, says Sanjeev Prasad of Kotak Institutional Equities on CNBC TV18. With no clarity on the way and timing of the resolution of the situation in the region, it is difficult to build a strong case for India, he adds.

  • Inflation: Primary articles inflation for week ended February 19 has come in at 14.85% versus 15.77% (WoW), food articles inflation is at 10.39% versus 11.49% (WoW) while fuel group is at 12.56% versus 12.14% (WoW), reports NDTV Profit.

NIFTY 3-Month