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Market Report

Wednesday, 25-Apr-2012

NSE

  • Downgrade of India by S & P had its negative impact on the markets, but they recovered in the last one hour to close with only moderate losses. Auto and FMCG were the lead gainers in today's session while consumer durables, power, realty and IT were the prime laggards. Oil & gas, metal and banking, too, closed with significant losses. The Sensex closed at 17151, down 56 points from its previous close, and Nifty shut shop at 5202, down 20 points.

  • The top Nifty gainers today were Hero MotoCorp, Sterlite Industries, Sesa Goa and Maruti while the biggest losers included Wipro, Reliance Power, GAIL and Siemens.

  • We expect lower capital inflows into India post S&P rating revision, says Arnab Das of Roubini Global Economics, reports ET Now.

  • There are no negative implications on change in S&P outlook and we expect to continue getting capital flows, say Finance Ministry sources, reports NDTV Profit. We expect to remain an attractive investment destination, they add, says the channel.

  • S&P decision should not be paid attention to, says Shankar Sharma of First Global on ET Now. India has weather financial crisis very well and its debt to GDP ratio has reduced sharply, he adds. He believes India equities will beat other BRIC markets in 2012.

  • In the second half of trade, if the Nifty goes above 5250 then we could see an upmove to 5300-5315, says D Prasad, technical analyst, on Zee Business.

NIFTY 3-Month