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Market Report

Monday, 26-Dec-2011

NSE

  • The markets started the trade on a quiet note but gained significantly as the day progressed and closed with robust gains. IT, realty, metal and capital goods were the biggest gainers in today's session and banking and auto, too, provided support to the indices. The Sensex closed at 15971, up 232 points from its previous close, and the Nifty shut shop at 4779, up 65 points.

  • The top Nifty gainers today were Hero MotoCorp, Bharti Airtel, RCom and Infosys while the biggest losers included Axis Bank, BPCL, Maruti and Ranbaxy.

  • January-February could be tricky so we are being cautious, says Prashastha Seth of IIFL on NDTV Profit. By March we could bottom out at 4200 on the Nifty and 14000 on the Sensex, he adds. He is positive on FMCG, IT, autos, pharmas and cement sectors.

  • The bias of the market is likely to remain a bit positive for now and the range for the Nifty would be 4500 and 4900, says Deven Choksey of KR Choksey Shares & Securities on NDTV Profit. We could see some stability in the market now and the action would be more on the buying-on-dips side, he adds.

  • For the week an important level on the Nifty would be 4669 above which the market is likely to stay positive, says Ashwani Gujral, technical analyst, on ET Now.

NIFTY 3-Month