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Market Report

Monday, 14-Mar-2011


  • The Markets registered robust growth today and all sectoral indices closed in the green. Oil & gas was the lead gainer today as crude oil prices are coming down. Metal gained on the prospect that after tsunami destruction in Japan, there would be a lot of infrastructural requirements and that needs metal. ADAG pack also gained as Nippon of Japan has bought stake in one of the group companies. The Sensex closed at 18439, up 265 points from its previous close, and Nifty shut shop at 5531, up 86 points.

  • The market is likely to stay in a range of 5250 on the downside and 5600 on the upside with crucial support at 5300, says Raghvendra Kedia of Systematix Shares and Stocks on NDTV Profit. Rising crude oil prices are negative for the market and Japan earthquake will lead to lower liquidity, he believes.

  • We expect the market to consolidate by April-May and in the short term it could stay in a range of 5350 and 5600, says Sanjiv Bhasin, investment advisor, on NDTV Profit. There could be a break for the upside in 10 days, he adds. He sees oil price moves crucial for market direction.

  • Inflation: February inflation has come in at 8.31% versus 8.23% (MoM), reports NDTV Profit. Primary articles inflation has come in at 14.79% versus 17.28% (MoM), manufacturing products at 4.94% versus 3.75% (MoM) and fuel group at 11.49% versus 11.41% (MoM), reports CNBC TV18.

NIFTY 3-Month