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Market Report

Friday, 18-Nov-2011

NSE

  • The markets traded deeply in the red for the most part of the day. However, a positive opening in Europe spurred on the indices and they closed with only moderate losses. Realty, metal, FMCG and auto were the worst performers of today's trade while oil & gas, healthcare and consumer durables made some gains. The Sensex closed at 16371, down 90 points from its previous close, and the Nifty shut shop at 4906, down 29 points.

  • The top Nifty gainers today were SAIL, Hero MotoCorp, IDFC and Tata Power while the biggest losers included Sesa Goa, ITC, Power Grid and Mahindra & Mahindra.

  • The markets closed with significant losses during the week with both benchmark indices and all sectoral indices closing in the red. Realty and capital goods were the biggest laggards while metal, oil & gas and banking, too, played their role in pulling the markets down. The Sensex was down 4.9% while the Nifty lost 5.24% during the week. The CNX Midcap index was down 6.8%, the BSE Smallcap lost 8.7%, CNX Realty was down 12.3% and the Bank Nifty closed with 4.7% loss.

  • The markets are in immediate downtrend and the Nifty is heading towards 4750, says Mitesh Thacker, technical analyst, on ET Now. Banking and capital goods are doing the real damage, he adds.

NIFTY 3-Month