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Market Report

Tuesday, 12-June-2012

NSE

  • The markets closed with substantial gains today and even lower than expected IIP numbers could not dampen investors' sentiments. Banking, realty, capital goods and auto were the biggest gainers in today's session and consumer durables, power and metal, too, made significant gains. Healthcare was the only sector that closed negative. The Sensex closed at 16863, up 195 points from its previous close, and the Nifty shut shop at 5116, up 62 points.

  • The top Nifty gainers today were Ambuja Cements, PNB, ACC and Tata Motors while the biggest losers included Wipro, Dr Reddy's, Ranbaxy and HUL.

  • There is stiff resistance for Nifty at 5100-5124 with crucial support at 4980, says Sarvendra Srivastav, independent technical analyst, on NDTV Profit.

  • After a couple of days of consolidation, the next leg of rally will start in which the Nifty could move up to 5180-5200, says Mitesh Thacker, technical analyst, on ET Now.

  • The IIP data for April has come in at 0.1% versus -3.5% (MoM), reports ET Now. Manufacturing sector growth is at 0.1% versus -4.4%, capital goods at -16.3% versus -21.3%, electricity growth at 4.6% versus 2.7%, mining growth at -3.1% versus 1.3%(MoM), Intermediate goods growth at -1.4%, non-durable goods at 5.4% versus 1%, consumer durable goods growth at 5% versus 0.2% while basic goods growth is at 2.3% versus 1.1% (MoM), it adds. March IIP has been revised to -3.2% versus -3.5% (provisional).

NIFTY 3-Month