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Market Report

Friday, 13-Apr-2012


  • The markets lost all its morning gains to close with substantial losses. Infosys' below par results played a role in dragging the indices down and the sector was the worst performer in today's trade. Other sectors that closed with significant downside include tech, realty and banking. Healthcare, FMCG, oil & gas and auto closed positive. The Sensex closed at 17094, down 238 points from its previous close, and the Nifty shut shop at 5207, down 69 points.

  • The top Nifty gainers today were Dr Reddy's, Sun Pharma, Kotak Mahindra Bank and Grasim while the biggest losers included Infosys, TCS, Wipro and HCL Tech.

  • The markets closed with significant declines this week and barring auto, FMCG and healthcare, all sectoral indices closed negative. The Sensex was down 2% and the Nifty also lost 2% during the week. The CNX Midcap index was down 2.8%, the BSE Smallcap was down 0.6% and the Bank Nifty closed with 0.2% loss over the week.

  • Buy Nifty at 5200-5300 with a target of 5950 and stop loss of 5187, says Sarvendra Srivastav, independent market analyst, on NDTV Profit.

  • It is possible that Infosys may beat FY13 Rupee EPS guidance, says Deven Choksey of KR Choksey on NDTV Profit.

NIFTY 3-Month