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Market Report

Monday, 14-Nov-2011

NSE

  • The markets opened with substantial gains in the morning but could not hold on to the gains and closed with moderate losses. Barring IT, technology and healthcare, all sectoral indices closed negative. Realty, auto and metal were the biggest losers in today's session and capital goods and oil & gas, too, played their role in pulling the markets down. The Sensex closed at 17119, down 74 points from its previous close, and the Nifty shut shop at 5148, down 20 points.

  • The top Nifty gainers today were Ranbaxy, Bharti Airtel, Hero MotoCorp and HDFC Bank while the biggest losers included Reliance Infra, Reliance Power, Mahindra & Mahindra and Tata Steel.

  • While markets are likely to remain hostage to developments in Europe in the near-term, we see clear signs of improvement in the broader environment for Asia, says Michael Kurtz of Nomura on CNBC TV18. Investor sentiment remains bearish and cash positions are high and we feel the balance of risks remains skewed to the upside, he adds.

  • We see the market trading in the range of 5120-5250 on intra-day basis while the range for the week is 5050-5300, says Salil Sharma, technical analyst, on NDTV Profit. Beyond 5385, the trend would become bullish, he adds.

  • Inflation: October inflation has come in at 9.73% versus 9.72% (MoM), reports NDTV Profit. Primary articles inflation is at 11.4% versus 11.84% (MoM), manufactured products inflation at 7.66% versus 7.69% (MoM) while fuel group inflation has come in at 14.79% versus 14.09% (MoM), reports NDTV Profit. August inflation has been revised to 9.7% versus 9.78% (provisional), it adds.

NIFTY 3-Month