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Market Report

Friday, 11-Nov-2011


  • The markets traded with negative bias throughout the day and even the positive opening of Europe could not help the indices. Banking remained the biggest laggard in today's trade and capital goods, metal and realty, too, played their role in pulling the markets down. Auto and oil & gas closed in the green and support also came from FMCG and healthcare. The Sensex closed at 17193, down 169 points from its previous close, and the Nifty shut shop at 5169, down 52 points.

  • The top Nifty gainers today were Mahindra & Mahindra, Sun Pharma, RIL and Bajaj Auto while the biggest losers included Axis Bank, Hindalco, ICICI Bank and Tata Steel.

  • The markets closed with significant losses during the week with all sectoral indices and both benchmark indices closing in the red. Banking and metal were the biggest laggards while auto closed with moderate loss. The Sensex was down 2.25% while the Nifty also lost 2.25% during the week. The CNX Midcap index was down 2.7%, the BSE Smallcap lost 2.8% and the Bank Nifty closed with 5.6% loss over the week.

  • September IIP number has come out and it stands at 1.9% versus 4.1% (MoM), reports CNBC TV18. September IIP data for each sector has come out and for manufacturing sector it stands at 2.1% versus 6.9% (YoY), reports the channel. The corresponding data for capital goods is -6.8% versus 7.2% (YoY), mining is at -5.6% versus 4.3% (YoY) and the data for consumer goods is 3.5% versus 9.7% (YoY), the report adds.

  • Inflation data for the week ending October 29 has come out and primary article inflation stands at 11.43% versus 12.08% (WoW), reports NDTV Profit. Food article inflation stands at 11.81% versus 12.21% (WoW) and fuel price inflation is at 14.5%, unchanged (WoW), the report adds.

  • Inflation will ease gradually and RBI may start cutting interest rates, says Prateek Gandotra of IDFC Securities on ET Now. He recommends that it's time to start investing in interest rate sensitive sector.

NIFTY 3-Month