IntradayTrade dot Net
Market Report

Monday, 19-Sept-2011


  • Negative global cues took their toll on the markets today with both benchmark indices closing with about 1% losses. Primarily, it was capital goods that pulled the indices down and banking and metal also played their part in the negativity. Other sectors that closed with substantial losses include healthcare and FMCG. Consumer durables and auto closed with moderate gains. The Sensex closed at 16745, down 188 points from its previous close, and the Nifty shut shop at 5032, down 52 points.

  • The top Nifty gainers today were JP Associates, Maruti Suzuki, GAIL and HCL Tech while the biggest losers included Reliance Infra, Sterlite Industries, L & T and ICICI Bank.

  • The market continues to be volatile and we see further downside going ahead, says Sandeep J Shah of Sampriti Capital on ET Now.

  • Unless there is a decisive trigger from the international markets, the Indian market will continue to remain rangebound, says Deven Choksey of KR Choksey Shares & Securities on NDTV Profit. He sees the Nifty trading in the range of 4900 and 5200.

  • An important level for the Nifty is 4911 and till this level does not break we could see a move up with 5169 acting as tough resistance, says Brijesh Singh of India Advantage on Zee Business.

NIFTY 3-Month