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Market Report

Wednesday, 13-June-2012


  • The markets traded rangebound throughout the day and closed with moderate gains. Capital goods and FMCG were the best performers in today's session while realty, auto, consumer durables and power remained the biggest laggards. The Sensex closed at 16880, up 18 points from its previous close, and the Nifty shut shop at 5121, up 5 points.

  • The top Nifty gainers today were HUL, Ambuja Cements, Sun Pharma and L&T while the biggest losers included Maruti, Sterlite Industries, NTPC and Tata Motors.

  • The Nifty could test 5600 levels in six months, says DD Sharma of Anand Rathi Securities on CNBC Awaaz. He is bullish on the auto sector.

  • The market is likely to trade in a range, between 4980 and 5130, says Sarvendra Srivastav, independent technical analyst, on NDTV Profit. A pivot level is 5150, he adds.

  • There's still strength left in the market and sectors like banking, oil & gas and IT are still looking positive, says Mitesh Thacker, technical analyst, on ET Now. We see an upside to 5200-5300, he adds.

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