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Market Report

Friday, 20-Apr-2012

NSE

  • Selling pressure took its toll on the markets today with both benchmark indices closing with significant losses. Capital goods, power, realty and oil & gas were the worst performers in today's trade while FMCG and auto closed with moderate gains. The Sensex closed at 17374, down 130 points from its previous close, and Nifty shut shop at 5291, down 42 points.

  • The top Nifty gainers today were Mahindra & Mahindra, Wipro, Cipla and ITC while the biggest losers included IDFC, JP Associates, Siemens and Hindalco.

  • The markets remained inconsistent this week and overall it was positive trend that had upper hand. Both benchmark indices closed positive. The Sensex was up 1.45% and Nifty was up 1.35%. The CNX Midcap index was up 0.4% while BSE Smallcap index gained 1.4% over the week.

  • Europe is seeing large redemptions of equity funds, says Cameron Brandt of EPFR Global on ET Now. Uncertainity about Chinese economic data is not helping equities, he adds.

  • The Nifty is likely to trade in a range of 5200 and 5342, says Sarvendra Srivastav, independent market analyst, on NDTV Profit. The daily momentum of the market is marginally positive , he adds.

  • There is a lack of fund flow in the market and liquidity appears to be drying up, says Ashwani Gujral, technical analyst, on ET Now. Today, the Nifty had to trade above 5321 to remain positive, he adds.

NIFTY 3-Month