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Market Report

Monday, 04-Apr-2011


  • The markets gained significantly today with all sectors performing well. Capital goods and IT remained the best performers today and banking and auto also did well to provide impetus to the markets. The Sensex closed at 19701, up 281 points from its previous close, and Nifty shut shop at 5908, up 82 points.

  • The top Nifty gainers today were M & M, HCL Tech, Cairn and JP Associates and prime losers included RCom, HUL, Sesa Goa and GAIL.

  • Looking at the liquidity flows and the feel-good factor from winning the World Cup, the market could cross 5900-6000 levels and this upside should be utilised to book out 15-20% of the holdings, says Ambareesh Baliga of Way2Wealth on CNBC TV18. If the results don't surprise then we could stay in the range of 5400 and 5800, he adds.

  • We are seeing an increase in investment activities in emerging markets and a lot more money is coming into EM funds, says Mark Mobius of Templeton Asset Management on NDTV Profit. He believes that the corruption issues will not change the perception of India and that publicity and concerns about corruption will help clean out the system. He is overweight on the commodity and corruption-related themes in India.

NIFTY 3-Month