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Market Report

Wednesday, 06-June-2012


  • The markets made robust gains today with all sectoral indices closing with substantial upside. Auto, capital goods, power and banking were the biggest gainers in today's session and FMCG, metal, realty and consumer durables, too, closed with significant gains. The Sensex closed at 16454, up 434 points from its previous close, and the Nifty shut shop at 4997, up 134 points.

  • The top Nifty gainers today were Tata Motors, Hero MotoCorp, Jindal Steel and Reliance Infra while the biggest losers included Cipla, BPCL and Dr Reddy's.

  • If the market goes above 5020 then we could see a runaway rally, says Kunal Saraogi, technical analyst, on CNBC Awaaz. Buy at current levels with a stop loss of 4860, he adds.

  • Use all rallies to 4950-5000 to lighten long positions, says AK Prabhakar of Anand Rathi Securities on Zee Business.

  • Invest in infrastructure stocks for good returns in five years, says Amish Munshi of Tata Portfolio Management on Zee Business.

  • Outlook on steel sector is stable currently, says Ashish Upadhyay of Fitch Ratings on NDTV Profit.

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