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Market Report

Thursday, 25-Aug-2011

NSE

  • The markets opened well on positive global cues but the indices didn't remain long in positive territory due to profit booking. Even Europe's positive opening could not bring cheer to the markets. Metal, banking and IT were the biggest losers in today's session while pharma, auto and oil & gas provided some support. The Sensex closed at 16146, down 139 points from its previous close, and the Nifty shut shop at 4840, down 49 points.

  • The top Nifty gainers today were DLF, Ambuja Cements, RCom and Tata Motors while the biggest losers included JP Associates, SAIL, HCL Tech and Jindal Steel.

  • We are likely to see volatile trade and the Indian market is in synch with its global peers, says Kunal Bothra of LKP Shares on NDTV Profit. The market is looking quite confusing and it is difficult to predict what it will be like in the next 15-20 days, he adds. So, it is difficult to trade in such an environment and whatever margin of profit one gets,one should take it, he advises.

  • Despite positive cues from global markets, the Indian market continues to look weak, says Rupal Saraogi, technical analyst, on Zee Business. There is resistance for the Nifty at 4980 and support will come in at 4840 and if this is breached then we could go down to 4780, she adds. She advises being cautious at higher levels.

  • Inflation: Primary articles inflation for week ended August 13 has come in at 12.4% versus 11.64% (WoW), food articles inflation is at 9.8% versus 9.03% (WoW) while fuel group inflation remains unchanged at 13.13% (WoW), reports NDTV Profit.

NIFTY 3-Month