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Market Report

Friday, 30-Mar-2012

NSE

  • The markets shot up after the government's clarification on P-notes, and both benchmark indices closed with significant gains. Oil & gas, realty, banking and metal were the lead gainers in today's session and auto, IT and capital goods, too, made substantial gains. All Sectoral indices closed positive. The Sensex closed at 17404, up 346 points from its previous close, and the Nifty shut shop at 5296, up 117 points.

  • The top Nifty gainers today were Kotak Mahindra Bank, IDFC, SAIL and Ranbaxy while the biggest losers included Cairn, Jindal Steel, Sun Pharma and HUL.

  • The markets closed with moderate gains this week with auto, healthcare and oil & gas being the lead gainers. The Sensex was up 0.24% while the Nifty gained 0.35% during the week. The CNX Midcap index was up 0.53% and the Bank Nifty closed with 0.8% loss over the week.

  • There is support for the Nifty at 5160-5150, says Vivek Mahajan of Aditya Birla Money on Zee Business.

  • There will be no tax liability on P-notes and clarification regarding this will be issued in due course, says the finance minister. (Courtesy: ET Now)

NIFTY 3-Month