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Market Report

Wednesday, 14-Mar-2012

NSE

  • The markets closed with moderate gains today with banking and capital goods being the best performers. Power, FMCG and auto, too, made significant gains while realty and IT tried to pull the indices down. The Sensex closed at 17919, up 106 points from its previous close, and the Nifty shut shop at 5464, up 34 points.

  • The top Nifty gainers today were PNB, BPCL, NTPC and Axis Bank while the biggest losers included TCS, JP Associates, Reliance Communications and Tata Steel.

  • Add on to long positions and hold with a target of 6000-6030 and trailing stop loss of 5324, says Sarvendra Srivastav, independent market analyst, on NDTV Profit. Once the Nifty crosses 5630, it will pick up momentum on the upside, he adds.

  • Hold long positions in the Nifty with a target of 5500 and even 5530 and keep trailing stop loss of 5400, says Prakash Gaba, technical analyst, on Zee Business.

  • If the market opens at 5500 then use dips to 5480-5470 to go long with a target of 5600, says Azim Ahmed of ICICI Direct on Zee Business. If the Nifty is able to cross 5600 then it could move to 5680 with downside capped at 5420-5400 and, he adds.

  • February inflation has come in at 6.95% versus 6.55% (MoM), reports NDTV Profit. Primary articles inflation is at 6.28% versus 2.25% (MoM) and food group inflation at 6.07% versus -0.52% (MoM), it adds. Fuel group inflation has come in at 12.83% versus 14.21% (MoM), manufactured products inflation at 5.75% versus 6.49% (MoM) while December inflation has been revised to 7.74% from 7.47%, reports ET Now.

NIFTY 3-Month