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Market Report

Thursday, 15-Mar-2012


  • The markets closed with significant declines today and barring IT, all sectoral indices closed negative. Consumer durables, realty and banking were the biggest losers and capital goods, metal and oil & gas, too, lost significantly. The Sensex closed at 17676, down 243 points from its previous close, and the Nifty shut shop at 5380, down 83 points.

  • The top Nifty gainers today were HUL, NTPC, Tata Motors and GAIL while the biggest losers included Reliance Communications, DLF, IDFC and BHEL.

  • Strength in the market is intact, though today's session was sluggish, and I see a target of 5500-5540 on the Nifty, says Prakash Gaba, technical analyst, on Zee Business. Buy on declines, he advises.

  • We have a positive outlook on the market and see a target of 5700 on the Nifty and 19000 on the Sensex, says Gautam Shah of JM Financial Services on Zee Business. Use declines to go long, he adds.

  • Avoid aggressive buys on the index for the next two days and wait for the volatility to die down, says Sarvendra Srivastav, independent market analyst, on NDTV Profit. An immediate support for the Nifty is 5375 and resistance is at 5500 with a target of 6000-6050, he adds. He advises being stock specific.

NIFTY 3-Month