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Market Report

Friday, 27-Apr-2012


  • The markets traded rangebound in today's session and closed with marginal gains. Consumer durables, IT, tech and banking were the lead gainers while FMCG, realty, metal and capital goods remained the prime laggards. The Sensex closed at 17134, up 4 points from its previous close, and Nifty shut shop at 5191, up 2 points.

  • The top Nifty gainers today were Hindalco, ICICI Bank, HCL Tech and GAIL while the biggest losers included SAIL, Coal India, ACC and IDFC.

  • This series should be choppy and rangebound, between 5100 and 5400, says Krunal Dayma, technical analyst, on Zee Business.

  • The May series is likely to be neutral and rangebound, between 5150 and 5300, says Anand Kuchelan of Padmakshi Financial Services on CNBC Awaaz.

  • The market is at an equilibrium level in which the strength of the bulls and bears are equal, says Ashwani Gujral, technical analyst, on ET Now. The market would take a direction either below 5150 or above 5250, he adds.

  • The market is likely to continue its rangebound move for the next 7-8 days, between 5150 and 5300, says Mitesh Thacker, technical analyst, on ET Now.

NIFTY 3-Month