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Market Report

Monday, 04-June-2012

NSE

  • The markets recovered significantly from the lows of the day to close with moderate gains. Capital goods, realty, oil & gas and banking were the best performers in today's session while consumer durables, FMCG and metal lost significantly. The Sensex closed at 15988, up 23 points from its previous close, and the Nifty shut shop at 4848, up 6 points.

  • The top Nifty gainers today were JP Associates, Siemens, Bank of Baroda and L & T while the biggest losers included GAIL, Jindal Steel, Tata Power and Sesa Goa.

  • Indian market is headed lower and the 52-week lows are likely to get tested, says technical analyst Sarvendra Srivastav. (NDTV Profit)

  • In the June series, banks will remain under selling pressure with weakness in markets to continue, says Amit Gupta of ICICI Direct on Zee Business.

  • Sell Nifty on a rally of 25-30 points with a target of 4550-4530 and stop loss of 4906, says Sarvendra Srivastav, independent market analyst, on NDTV Profit.

NIFTY 3-Month