IntradayTrade dot Net
Market Report

Thursday, 15-Dec-2011


  • The markets remained volatile today and recovered significantly in the last hour of trade to close with only moderate declines. Capital goods, auto and consumer durables were the worst performers in today's session while FMCG and oil & gas closed with substantial gains. The Sensex closed at 15836, down 45 points from its previous close, and the Nifty shut shop at 4746, down 17 points.

  • The top Nifty gainers today were Tata Power, Coal India, IDFC and Power Grid while the biggest losers included Ranbaxy, Sterlite Industries, Sesa Goa and Bharti Airtel.

  • We don't expect a big fall in the market and could see the Nifty trade in a broad range of 4600 and 5000 amid volatility, says Siddharth Bhamre of Angel Broking on CNBC Awaaz.

  • The structure of the market is weak and we could see the Nifty testing 4700 and even going below, says Prakash Gaba, technical analyst, on Zee Business. Sell on rallies, he advises.

  • The short-to-medium term outlook on the market is bearish with a downside target of 4400-4300, says Somil Mehta of Sharekhan on Zee Business. Sell on every rise, he adds.

  • Weekly Inflation: Primary articles inflation for week ended December 3 has come in at 5.48% versus 6.92% (WoW), food articles inflation at 4.35% versus 6.6% (WoW) while fuel group inflation is at 15.24% versus 15.53% (WoW), reports NDTV Profit.

NIFTY 3-Month