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Market Report

Thursday, 12-Apr-2012

NSE

  • The markets lost a significant part of its gains towards the end but still managed to close substantially higher. Metal, FMCG and banking supported the indices well while IT and tech pulled them down. Ahead of its results, Infosys was the biggest dampener among IT counters. The Sensex closed at 17333, up 133 points from its previous close, and the Nifty shut shop at 5277, up 50 points.

  • The top Nifty gainers today were Jindal Steel, Reliance Communications, Sterlite Industries and ACC while the biggest losers included Cairn India, Dr Reddy's, Infosys and Wipro.

  • The preferred call in this market is to be on the long side, says Sarvendra Srivastav, independent market analyst, on NDTV Profit. If the Nifty closes above 5300 or comes down to 5135-5100 then go long, he advises.

  • Feburary IIP data has come in at 4.1% versus 6.8% (MoM), reports NDTV Profit. Mining sector growth has come in at 2.1% versus -2.7% (MoM), manufacturing sector growth at 4% versus 8.5% (MoM), electricity sector growth at 8% versus 3.2% (MoM), basic goods sector growth at 7.5% versus 1.6% (MoM), non-durable goods sector growth at 5.1% versus 42.1% (MoM) and capital goods sector growth is at 10.6% versus -1.5% (MoM), reports ET Now. Intermediate goods sector growth has come in at -0.6% versus -3.2% (MoM) while April-February output growth is at 3.5% versus 8.1% (YoY), reports the channel.

  • January IIP data has been revised to 1.1% versus 6.8%, provisional, reports CNBC TV18.

NIFTY 3-Month