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Market Report

Thursday, 21-Apr-2011

NSE

  • The markets registered moderate growth today with both the benchmark indices gaining more than 0.5% in the trading session. Metal and oil & gas were the best performing sectors today and banking and auto also provided the indices a bit of support. IT languished despite Tata Consultancy Services provided results at par with market expectations. The Sensex closed at 19602, up 131 points from its previous close, and Nifty shut shop at 5885, up 33 points.

  • It was a mixed performance for the markets this week and both the benchmark indices closed with moderate gains, though broader markets took a beating. The numbers are following: the Sensex was up 1.1% and Nifty was up 1%. The CNX Midcap index was down 0.03% while BSE Smallcap index was down 0.1% over the week.

  • The top Nifty gainers today were Sesa Goa, Maruti Suzuki, ONGC and Hindalco and prime losers included BHEL, TCS, Siemens and Ambuja Cements.

  • Inflation for week ended April 9 has come in with primary articles inflation at 11.96% versus 11.4% (WoW), food articles inflation at 8.74% versus 8.28% (WoW) while fuel group inflation is at 13.05% versus 12.97% (WoW), reports NDTV Profit.

  • If the market stays above 5900 then we could see levels of 6100-6150 being tested, says Ashwani Gujral, technical analyst, on ET Now.

  • If the level of 5977 is taken out then we could test 6050 in a rally that will be sharp and short, says Anu Jain, technical analyst, on CNBC TV18. Then post expiry, consolidation may set in so one has a week to take positions, she adds.

  • The Indian market has shown remarkable resilience despite negative news flows, says Sajeev Dhavan of JV Capital Services on NDTV Profit. FII liquidity is there and domestic and retail interests have come back, he adds. We could see the market going up by another 50-100 points in the next few days, he says.

NIFTY 3-Month