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Market Report

Wednesday, 09-Nov-2011

NSE

  • The markets traded rangebound in the morning but came down sharply in the last one hour to close with substantial losses. Banking, realty, metal and oil & gas were the worst hit sectors today and auto and capital goods, too, played their role in pulling the markets down. FMCG and IT were the only two sectors that made some gains. The Sensex closed at 17362, down 207 points from its previous close, and the Nifty shut shop at 5221, down 68 points.

  • The top Nifty gainers today were HUL, Wipro, TCS and Hero MotoCorp while the biggest losers included SBI, BPCL, Tata Steel and DLF.

  • The markets are in trading range and the resistance for the Nifty is at 5350 and support at 5200, says Sudarshan Sukhani, technical analyst, on CNBC TV18. If the nifty holds its support level, the strategy would to buy on dips, he adds.

  • (No other Expert Comments)

NIFTY 3-Month