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Market Report

Wednesday, 01-June-2011

NSE

  • The markets closed with moderate gains today with capital goods outperforming all other sectors. Pharma came under selling pressure while IT and FMCG made some smart moves and closed with significant gains. Other sectors that closed positive include metal and banking. The Sensex closed at 18609, up 106 points from its previous close, and Nifty shut shop at 5592, up 32 points.

  • The top Nifty gainers today were Reliance Capital, Reliance Communications, NTPC and Ambuja Cements while biggest losers included Ranbaxy, Tata Motors, Sun Pharma and Reliance Capital.

  • Immediate trend is sideways in the markets and 5600 and more is likely in the Nifty, says Sudarshan Sukhani, technical analyst, on ET Now.

  • Data released by the commerce ministry showed India's merchandise exports rose 34% to $23.8 billion in April 2011 over the corresponding period last year. The trade deficit in April 2011 narrowed to $8.98 billion from $11.03 billion a year earlier. This helped the market to regain strength.

NIFTY 3-Month