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Market Report

Thursday, 16-Feb-2012

NSE

  • The markets recovered from the lows of the day to close with only moderate declines. Realty, power, capital goods and IT made significant gains while metal and oil & gas came under selling pressure. The Sensex closed at 18154, down 48 points from its previous close, and the Nifty shut shop at 5522, down 10 points.

  • The top Nifty gainers today were Hero MotoCorp, Jindal Steel, SBI and Maruti Suzuki while the biggest losers included Coal India, Hindalco, Tata Motors and Sterlite Industries.

  • There is important support for the Nifty at 5430, says Azim Ahmed of ICICI Securities on Zee Business.

  • There is resistance for the Nifty at 5617 and then 5646 with support coming in at 5435, says Prakash Gaba, technical analyst, on Zee Business.

NIFTY 3-Month