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Market Report

Wednesday, 13-Apr-2011

NSE

  • The markets showed strong performance today with all sectoral indices closing in the green. Private financial institutions led the rally and auto, banking, FMCG, capital goods and IT provided strong support of to the indices. The Sensex closed at 19697, up 434 points from its previous close, and Nifty shut shop at 5911, up 126 points.

  • The top Nifty gainers today were Hero Honda, JP Associates, Siemens and HDFC and prime losers included Sun Pharma, Cairn, Tata Power and Sterlite Industries.

  • Earlier we thought that as the crude oil prices would go up, the markets would come down but that is not happening, says S. Naren of ICICI Prudential on CNBC TV18. Fundamentally Nifty at 5400 level seems alright but even at current level it is not much worrisome, he adds. He further says that the losses from increasing crude oil prices are factoring in on the books of government of India and corporate India is not getting impacted by it.

  • The Indian market is showing signs of investors returning to India once again and India may see new highs by year-end, says Mark Mobius of Templeton Asset Management on CNBC TV18. He warns that lack of government action may pose a big risk to India.

  • Negative associations with Indian markets have been receded and people are looking at India as a market with positive outlook, says Rajesh Jain, market analyst, on CNBC TV18.

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