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Market Report

Thursday, 03-May-2012


  • The markets closed with significant declines today with auto, banking, metal and realty being the biggest laggards. Power, capital goods, FMCG and oil & gas, too, lost significantly. IT, tech and consumer durables were the only sectors that managed to close positive. Sugar stocks, too, gained substantially. The Sensex closed at 17151, down 151 points from its previous close, and the Nifty shut shop at 5188, down 51 points.

  • The top Nifty gainers today were Asian Paints, HUL, Wipro and BPCL and the biggest losers included Hero MotoCorp, Axis Bank, Bank of Baroda and Maruti Suzuki.

  • The market is facing supply at 5400 and finding support at 5170-5150, says Abhijeet Paul of Brics Securities on Zee Business. Until there is a break above 5400 or below 5150, the market will continue to be in a range, he adds.

  • The market is moving in a tight range between 5150 and 5300 and only if 5200 is breached then would we get some direction otherwise rangebound session will continue, says Azim Ahmed of ICICI Direct on Zee Business.

  • We expect revenue growth of companies to decline in H1 FY13, says Niesh Shah of Envision Capital on ET Now.

  • Rupee depreciation is a big concern for the markets, says Anil Manghnani of Modern Shares and Stockbrokers on NDTV Profit.

NIFTY 3-Month