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Market Report

Thursday, 26-May-2011


  • The markets closed with significant gains today and both benchmark indices crossed their psychological 18000 and 5400 levels, respectively. Buying was seen across all sectors with oil & gas being the top performer. Other sectors with significant gains were auto, banking, realty and capital goods. Sugar and infrastructure stocks were the laggards of today's trade. The Sensex closed at 18044, up 197 points from its previous close, and Nifty shut shop at 5412, up 63 points.

  • The top Nifty gainers today were Hero Honda, ONGC, DLF and Sesa Goa and prime losers included Reliance Capital, Power Grid, ITC and ACC.

  • The markets to be in a narrow range in the next quarter, says IDFC Securities on ET Now. Corporate earnings to remain subdue in the near term and there would be a turnaround in corporate investment going forward, the equity firm adds.

  • The Nifty would be hovering around 5400 level, says Salil Sharma of Kapoor Sharma & Company on CNBC Awaaz. If it breaches the level of 5340, the index can come down to 5230 level and then 5177 level, he adds.

  • Inflation numbers for the week ended May 14: inflation for primary articles was 11.6% versus 10.9% (WoW), food inflation during the week was 8.55% versus 7.47% (WoW) and fuel group inflation remained unchanged at 12.11% (WoW), reports ET Now.

  • EGoM would be meeting on June 9 to decide on fuel price hike, reports CNBC TV18.

NIFTY 3-Month