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Market Report

Monday, 11-June-2012


  • The S&P report on India's investment climate acted as a dampener to market sentiment, with both benchmark indices losing significantly in the last one hour of trade. Capital goods, healthcare, realty and oil & gas were the biggest losers in today's session while consumer durables and FMCG made some gains. The Sensex closed at 16668, down 51 points from its previous close, and the Nifty shut shop at 5054, down 14 points.

  • The top Nifty gainers today were Tata Power, Bajaj Auto, Grasim and HUL while the biggest losers included HCL Tech, BHEL, Cipla and Sesa Goa.

  • This week is very crucial for the Indian markets, says Sarvendra Srivastav, independent technical analyst, on NDTV Profit. If the Nifty goes above 5150 then we could see 15% rally in six months, he adds.

  • The Nifty could move up to 5140 very easily with 5000 acting as firm support, says Ashwani Prabhu of Prabhudas Lilladher on CNBC Awaaz. She is bullish on the banking sector.

  • The Nifty level of 4800 has started acting as strong support, says Prabir Kumar Sarkar, technical analyst, on Zee Business. Buy selective stocks above 5150, he adds.

  • There is still 200-point more upside left in the market, says Mitesh Thacker, technical analyst, on ET Now. Buy as long as 5050-5060 holds and the Nifty could go beyond 5180 to 5300 and higher, he adds.

NIFTY 3-Month