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Market Report

Tuesday, 05-Apr-2011

NSE

  • The markets were quite volatile today and both the benchmark indices closed flat. Textile, brokerage, midcap banks and sugar remained the star performers of today's trade and infra stocks also registered strong buying. The Sensex closed at 19687, down 15 points from its previous close, and Nifty shut shop at 5910, up 2 points.

  • The top Nifty gainers today were Sesa Goa, Ranbaxy, Sterlite Industries and RCom and prime losers included Tata Power, DLF, Bajaj Auto and Kotak Mahindra Bank.

  • The markets are heading higher on base of FII flows which are looking positive in the near term, says Sharmila Joshi of Fairwealth Securities on NDTV Profit. She does not advise investors to short at current levels and expects the Nifty to go above 6000 in the short term and midcap valuations to expand.

  • The market is likely to consolidate and make a base and then around the results could take a rally, says Neeraj Deewan of Quantum Securities on NDTV Profit. The market may take a breather between now and 6000, he adds and advises adopting a cautious approach and to buy on all declines.

NIFTY 3-Month