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Market Report

Wednesday, 30-Mar-2011

NSE

  • The markets continued with the robust performance and other than FMCG, all sectoral indices closed positive. Strong buying was seen in realty, auto and pharma stocks and banking also performed well. The Sensex closed at 19290, up 169 points from its previous close, and Nifty shut shop at 5787, up 51 points.

  • The market is likely to trade in a range of 5700 and 5800, says Ravi Rastogi of Globe Capital Markets on Zee Business. Fresh investors should wait for next week before taking a call and buy selective stocks, he advises.

  • An important level for the Nifty is 5800-5810, says Pradeep Surekha, technical analyst, on Zee Business. Support is seen at 5660 and if the market comes down to this level then it will just be a correction of this rally, he adds.

  • Fundamentally nothing has changed and the sustainability of the market rally is being questioned, says Prakash Diwan of Networth Stock Broking on NDTV Profit. April should be a good month for the market, he adds.

NIFTY 3-Month