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Market Report

Tuesday, 31-May-2011


  • The markets closed with strong gains today and the Nifty crossed its psychological level of 5500. Buying was seen across all sectors but banking and realty were the biggest gainers of the day. Other sectors that closed with significant gains include FMCG, healthcare and metal. The Sensex closed at 18503, up 271 points from its previous close, and Nifty shut shop at 5560, up 87 points.

  • The top Nifty gainers today were JP Associates, Ambuja Cements, DLF and ACC while the biggest losers included Cipla and SAIL.

  • Buy Nifty future with a 3-4 day target of 5600 and stop loss of 5425, says Hitesh Seth of Prabhudas Liladhar on CNBC Awaaz.

  • GDP growth number for Q4 is out and it stands at 7.8% versus 8.2% (QoQ), reports CNBC Awaaz.

  • Overall and sectoral GDP numbers for FY11 are out and GDP growth during the year is 8.5% versus 8%, reports CNBC Awaaz. Sectoral numbers are following: agriculture registered 6.6% growth versus 0.4% growth, construction grew by 8.1% versus 7%, mining registered 5.8% growth versus 6.9% growth, manufacturing grew by 8.3% versus 8.8%, industry registered 6.1% growth versus 12.4% growth while service sector grew by 8.7% versus 10.1%, the report adds.

NIFTY 3-Month