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Market Report

Thursday, 28-June-2012

NSE

  • The markets closed with moderate gains today with defensive sectors like FMCG and consumer durables being the biggest gainers. Banking and oil & gas lost significantly while realty and capital goods closed with moderate declines. The Sensex closed at 16991, up 23 points from its previous close, and the Nifty shut shop at 5149, up 7 points.

  • The top Nifty gainers today were JP Associates, Tata Steel, ACC and ITC while the biggest losers included Sesa Goa, GAIL, IDFC and Sterlite Industries.

  • We are likely to see consolidation in the first week of the July series and Nifty could face resistance at 5200-5250, says Ashish Chaturmotha of IIFL Wealth on Zee Business.

  • If the Nifty level of 5150 holds, then June F&O series expiry is likely to be around 5180-5230, says Azim Ahmed of ICIC Direct on Zee Business.

  • The bias of the market is still positive and we will have an upside break, says Mitesh Thacker, technical analyst, on ET Now. Buy Nifty with a target of 5180, he adds.

  • The Nifty needs to trade above 5143 for market sentiments to be positive, says Ashwani Gujral, technical analyst, on ET Now. There is support at 5126 and 5112, he adds.

NIFTY 3-Month