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Market Report

Monday, 17-Oct-2011

NSE

  • The markets reacted negatively to RIL's quarterly results and the entire oil & gas sector was the biggest loser in today's trade. Capital goods, too, was in negative territory but auto, consumer durables and banking provided support to the markets and both benchmark indices closed with only moderate declines. Realty and FMCG also closed positive. The Sensex closed at 17025, down 58 points from its previous close, and the Nifty shut shop at 5118, down 14 points.

  • The top Nifty gainers today were Tata Motors, Cairn, Ambuja Cements and Maruti Suzuki while the biggest losers included RIL, BPCL, SAIL and NTPC.

  • In this week, the Nifty could move up to 5180-5235, says Deven Choksey of KR Choksey Shares & Securities on NDTV Profit. And if the market sustains above this, then it is possible that new buying will come into the market, he adds. He believes that fundamentally, things have not changed.

  • There is resistance for the market at 5170 and above this, next resistance would come in at 5195, says Saumil Trivedi, market analyst, on NDTV Profit.

  • EM equities look attractive in isolation, but we live in a highly correlated world, says Adrian Mowat of JP Morgan on CNBC TV18. The current global rally could continue in the absence of poor European news and positive US economic data but a sell-off post the October 23 European Summit is highly likely, he adds.

NIFTY 3-Month