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Market Report

Monday, 19-Mar-2012

NSE

  • The market closed with significant losses today and the Nifty closed below its psychologically important level of 5300. Realty, power, capital goods and banking were the biggest laggards in today's session while FMCG and healthcare provided support to the indices. The Sensex closed at 17273, down 193 points from its previous close, and the Nifty shut shop at 5257, down 61 points.

  • The top Nifty gainers today were ITC, Mahindra & Mahindra, Sun Pharma and Cairn India while the biggest losers included Reliance Infra, IDFC, BHEL and Reliance Power.

  • Bias would be towards short side and there can be some intra-day choppiness in the markets, says Sudarshan Sukhani, technical analyst, on CNBC TV18. The strategy should be sell on rally, he adds.

  • Current environment is good for equity markets and this conducive environment may lead to further rally, says Jim O'Neill of Goldman Sachs on ET Now.

  • (No other Expert comments)

NIFTY 3-Month