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Market Report

Thursday, 22-Mar-2012


  • The markets tanked today after trading rangebound in morning trade. The Nifty closed well below its psychologically important level of 5300 and all sectoral indices closed negative. Realty, power, banking and capital goods were the prime laggards in today's session and metal, consumer durables and oil & gas, too, closed with significant losses. The Sensex closed at 17196, down 405 points from its previous close, and the Nifty shut shop at 5228, down 136 points.

  • The top Nifty gainers today were Coal India, Hero MotoCorp, Sun Pharma and TCS while the biggest losers included JP Associates, Jindal Steel, Reliance Power and Reliance Infra.

  • The medium-to-long term of the market continues to look bullish and index and stock reversals looking encouraging, says Sarvendra Srivastav, independent market analyst, on NDTV Profit. Go long with a target of 6000-6050 and stop loss of 5224, he adds.

  • (No other expert comments)

NIFTY 3-Month