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Market Report

Tuesday, 05-June-2012


  • The markets gained moderately today with capital goods, banking and power being the lead gainers. Oil &gas, healthcare and IT, too, made significant gains while realty, FMCG and consumer durables lost significantly. The Sensex closed at 16021, up 32 points from its previous close, and the Nifty shut shop at 4863, up 15 points.

  • The top Nifty gainers today were L & T, Grasim, Reliance Infra and IDFC while the biggest losers included Ambuja Cements, Tata Motors, Siemens and Bharti Airtel.

  • Indian markets are likely to remain weak till October; see a Nifty target of 3800 in the medium term, says Jai Bala of, reports CNBC Awaaz.

  • Overall, the set-up for the market is negative but we could see a pullback to 4900, says Sarvendra Srivastav, independent analyst, on NDTV Profit.

  • There is support for the Nifty at 4800 with resistances coming in at 4969-4980, says Prakash Gaba, technical analyst, on Zee Business.

  • The market is likely to stay in a range for the next 7-10 days, says Mitesh Thacker, technical analyst, on ET Now. There is support at 4780-4800 with upside capped at 4900-4950, he adds.

NIFTY 3-Month