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Market Report

Friday, 25-Mar-2011


  • The markets registered robust growth today with all sectors making handsome gains. IT was the pick of the performers and giving it good company were banking, capital goods and realty. The Sensex closed at 18815, up 465 points from its previous close, and Nifty shut shop at 5654, up 131 points.

  • It was steady performance in the markets this week and the upward trend of crude oil prices did not make any impact on the bullish sentiments. Both the benchmark indices and all sectoral indices made handsome gains and the numbers are following: the Sensex was up 5.2% and Nifty was also up 5.2%. The CNX Midcap index was up 3% while BSE Smallcap index was up 2.5% over the week.

  • The Libyan intervention is a bizarre sideshow and the real flashpoint for the oil price, if there is one, will prove to be the Saudi-Bahrain-Kuwait nexus, says Chris Wood of CLSA on CNBC TV18. The verbal gymnastics employed by Western politicians to justify why they are sending cruise missiles into Libya but not other Arab countries fails to impress, he adds.

  • Capital inflow in the financial year 2011 is expected to be $60 billion, says C. Rangarajan, chairman of prime minister's economic advisory council, reports CNBC TV 18.

NIFTY 3-Month