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Market Report

Wednesday, 19-Oct-2011

NSE

  • It was a robust performance by the markets today with all sectoral indices closing with substantial gains. Realty and banking led the rally with support coming from oil & gas, metal, auto, capital goods and IT. The Sensex closed at 17085, up 337 points from its previous close, and the Nifty shut shop at 5139, up 102 points.

  • The top Nifty gainers today were DLF, Sun Pharma, Hero MotoCorp and JP Associates while the biggest losers included Sesa Goa and Tata Power.

  • This market has changed from a 'sell-on-rally market' to 'buy-the-fall market', says Sanjeev Bhasin, market analyst, on NDTV Profit. We are now looking to break on the upside and could be headed for a 10-12% upside from the current levels, he adds.

  • We are still trading within a range of 4700 on the downside and 5200 on the upside, says Somil Mehta of Sharekhan on NDTV Profit. But in this leg of the rally, we could break out of this range and go up to 5600, he adds.

NIFTY 3-Month