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Market Report

Tuesday, 20-Sept-2011

NSE

  • The markets closed with significant gains today with IT and banking being the biggest gainers. Large-cap counters led the rally and ADAG stocks, too, provided a boost to the markets. Sugar was the only sector that lagged in today's bullish trade. The Sensex closed at 17099, up 354 points from its previous close, and the Nifty shut shop at 5140, up 108 points.

  • The top Nifty gainers today were Reliance Capital, Reliance Power, Cairn India and TCS while the biggest losers included ONGC, BHEL, Hero Motocorp and Ranbaxy.

  • The pullback that we have seen was a part of the downtrend which has now started and sooner or later we could see a big move on the downside which could take the Nifty to 4900 and lower, says Ashwani Gujral, technical analyst, on ET Now.

  • (No other expert comment today)

NIFTY 3-Month