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Market Report

Wednesday, 18-Jan-2012


  • The markets closed flat today with capital goods, IT, metal and auto being the worst performers. Oil & gas remained the highest gainer in today's trade and it was this sector that stopped the slide of the markets. Realty, too, closed positive. The Sensex closed at 16451, down 15 points from its previous close, and the Nifty shut shop at 4956, down 11 points.

  • The top Nifty gainers today were RIL, HDFC Bank, Reliance Infra and Reliance Power while the biggest losers included Tata Steel, SAIL, Coal India and Kotak Mahindra Bank.

  • The year 2012 is likely to be a better year for equities versus 2011, says Shankar Sharma of First Global on ET Now. We expect the rupee to strengthen in 2012 and EM currencies to appreciate sharply versus the US dollar, he adds. He does not see a huge risk in investing in EMs.

  • Trend indicators are firmly on the buy side and this rally is likely to continue, says Mitesh Thacker, technical analyst, on ET Now. The next target on the Nifty is 5050-5070 and it could even go past this and test 5100-5200, he adds.

NIFTY 3-Month