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Market Report

Tuesday, 30-Aug-2011


  • It was a robust performance in the markets today with the Nifty crossing its psychologically important level of 5000. When weak GDP quarterly data tried to dampen the sentiments, positive cues from Europe came to rescue and the markets rallied thereupon. Realty, metal, banking and IT led the rally and support also came from auto, healthcare and oil & gas. FMCG was the only sector that closed in the red. The Sensex closed at 16677, up 260 points from its previous close, and the Nifty shut shop at 5001, up 81 points.

  • The top Nifty gainers today were Sesa Goa, DLF, HCL Tech and JP Associates while the biggest losers included ONGC, GAIL, ITC and BPCL.

  • GDP data of FY12-Q1 is out and GDP growth during the period stands at 7.7% versus 9.3% (YoY), reports CNBC Awaaz. The agriculture growth during the period stands at 3.9% versus 2.4% (YoY), manufacturing growth stands at 7.2% versus 12.7% (YoY), construction growth is at 1.2% versus 7.7% (YoY), Industry grew by 5.1% and service sector grew by 10% during the period, the report adds.

  • If the markets move upward by 5% up from here, then one should not be in hurry to get into the markets, says P.N. Vijay, portfolio manager, on CNBC TV18.

NIFTY 3-Month