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Market Report

Tuesday, 15-Nov-2011

NSE

  • The markets traded rangebound in the morning but slipped in the last one hour of trade to close with about 1.5% losses. All sectoral indices closed negative with realty, capital goods, banking and metal being the worst performers. Auto and oil & gas, too, lost significantly to put pressure on the indices. The Sensex closed at 16883, down 236 points from its previous close, and the Nifty shut shop at 5068, down 80 points.

  • The top Nifty gainers today were Cipla, Tata Motors, Grasim and HDFC Bank while the biggest losers included DLF, JP Associates, RCom and Siemens.

  • Earnings revisions have been down for 25 months, but the cuts have all been small, says Markus Rosgen of Citigroup on CNBC TV18. He believes that the 8% global EPS growth forecast for 2011 is likely to fall further, as will the 2012 forecast of 11%. The earnings outlook looks worst in India, Malaysia, Singapore and Taiwan, he adds.

  • Sell Nifty with a target of 5000 and stop loss of 5160, says Santosh Kumar Singh of Fortune Interfinance on CNBC Awaaz.

NIFTY 3-Month