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Market Report

Tuesday, 21-Feb-2012

NSE

  • The markets traded with significant gains in morning but came under selling pressure in the afternoon to close with moderate gains. Realty, consumer durables, oil & gas and power were the lead gainers while IT closed with moderate declines. The Sensex closed at 18429, up 139 points from its previous close, and the Nifty shut shop at 5607, up 43 points.

  • The top Nifty gainers today were BHEL, ONGC, Reliance Infra and Bharti Airtel while the biggest losers included Sterlite Industries, Tata Power, BPCL and Wipro.

  • The Nifty is likely to face stiff resistance at 5650 and will find it difficult to go past that, says Mitesh Thacker, technical analyst, on ET Now. There is key support at 5545-5540 and if this is breached on the downside then we could see a fall of 70-80 points, he adds.

  • The upmove in the market is intact with sound support at 5535-5540, says Prakash Gaba, technical analyst, on Zee Business. If the support holds, then we could see the Nifty move up to 5646, he adds.

  • January CPI urban inflation rate has come in at 8.25%, CPI rural inflation rate at 7.38% and January CPI combined inflation rate at 7.65%, reports NDTV Profit.

NIFTY 3-Month