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Market Report

Friday, 04-Nov-2011

NSE

  • The markets made moderate gains today with metal being the top performer in today's session. Other sectors with substantial gains included capital goods and banking and oil & gas was the only sector that closed negative. The Sensex closed at 17563, up 81 points from its previous close, and the Nifty shut shop at 5284, up 18 points.

  • The top Nifty gainers today were Ambuja Cements, Hero MotoCorp, Hindalco and Cairn while the biggest losers included Ranbaxy, Tata Power, Reliance Infra and Dr Reddy's.

  • The markets closed in negative territory this week, with auto being the worst performer. Midcap counters outperformed largecap stocks and the CNX Midcap index was the only one that closed positive.The Sensex was down 1.4% while the Nifty lost 1.5% during the week. The CNX Midcap index was up 1.1% and the Bank Nifty lost 1% over the week.

  • The market is likely to stay rangebound and choppy with action being more stock specific, says Avinash Gorakshakar of Edelweiss Advisors on NDTV Profit.

  • We appear to be on the last leg of the rally and as soon as there is an indication of the market losing steam I would be on the sell side, says Rohit Shrivastav of Sharekhan on NDTV Profit.

  • The market is likely to remain choppy and news-flow driven but we look on course to take out 5400, says Ashwani Gujral, technical analyst, on ET Now.

NIFTY 3-Month