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Market Report

Tuesday, 15-Mar-2011

NSE

  • The Markets registered sharp decline today as weak global cues took the toll. Realty was the worst performer and other sectors like IT and capital goods were also under selling pressure. Oil & gas was the only gainer of today's trade. The Sensex closed at 18167, down 271 points from its previous close, and Nifty shut shop at 5449, down 81 points.

  • Avoid fresh investment in the market now, says Deven Choksey of KR Choksey Shares & Securities on Zee Business. He sees important support for the Nifty at 5370.

  • Volatility will persist in the market for the next 3-4 days but there is good buying opportunity in the market now, says Sajeev Dhavan of JV Capital Services on Zee Business.

  • Do not invest in the market till the situation in Japan becomes clear, says Ramesh Damani, market analyst, on CNBC Awaaz. Japan's nuclear crisis is more grim than the rising crude prices, he adds. It will be difficult for the Nifty to cross 5800, he says.

NIFTY 3-Month