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Market Report

Thursday, 29-Sept-2011

NSE

  • The markets traded rangebound in the morning session but bounced back sharply in the afternoon to close with significant gains. Auto and banking were the prime drivers of the upswing and IT also consolidated its gains along with them. The Sensex closed at 16698, up 252 points from its previous close, and the Nifty shut shop at 5015, up 70 points.

  • The top Nifty gainers today were JP Associates, Kotak Mahindra Bank, Infosys and Siemens while the biggest losers included Sesa Goa, L & T, Reliance Capital and Sterlite Industries.

  • Inflation numbers for the week ending September 17 are out and primary article inflation during the period stands at 11.45% versus 12.17% (WoW), reports Bloomberg UTV. Fuel group inflation during the period stands at 14.69% versus 13.96% (WoW) and food inflation is at 9.13% versus 8.84% (WoW), the report adds.

  • The volatility is likely to get worse over the next few days and we could sink lower, says Sajeev Dhavan of JV Capital Services on NDTV Profit. Sentiments will be dictated by global events and it is unlikely that the Nifty will go higher than 5250-5300 levels, he adds.

NIFTY 3-Month