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Market Report

Thursday, 19-Apr-2012

NSE

  • Led by auto and pharma stocks, the markets gained moderately today and metal, healthcare and banking, too, supported the indices well. Power, capital goods, oil & gas and realty were the worst performers in today's session. The Sensex closed at 17504, up 111 points from its previous close, and the Nifty shut shop at 5332, up 32 points.

  • The top Nifty gainers were Coal India, Maruti Suzuki, Kotak Bank and Tata Motors while the biggest losers included BHEL, ACC, Reliance Infra and JP Associates.

  • The level of 5342 is a crucial pivot and if the Nifty goes above this then the upmove will start, says Sarvendra Srivastav, independent market analyst, on NDTV Profit. But as long as the market stays rangebound, between 5183 and 5342, the upmove will take some time, he adds.

  • The market is likely to continue to trade rangebound and till the Nifty does not cross 5350 and settles down above it, there won't be much opportunity to be long in the market, says Jatinder Sharma, technical analyst, on Zee Business.

  • The bias of the market is on the upside and we should break out of the trading band of 5250 and 5430 and move higher to 5500, says Sandeep Wagle of Aptart India on ET Now.

NIFTY 3-Month