IntradayTrade dot Net
Market Report

Friday, 29-June-2012

NSE

  • The markets made robust gains today with all sectoral indices closing in the green. Capital goods, power, metal and banking were the best performers in today's session and realty, auto, consumer durables and FMCG, too, gained significantly. The Sensex closed at 17430, up 439 points from its previous close, and the Nifty shut shop at 5279, up 130 points.

  • The top Nifty gainers today were Jindal Steel, Tata Power, Sterlite Industries and BHEL while the biggest losers included Cairn India, BPCL and Coal India.

  • The markets closed with substantial gains this week with all sectoral indices closing positive. The Sensex was up 2.7% and Nifty also gained 2.7% over the week. The CNX Midcap index closed with 3% gain, BSE Smallcap gained 2.2% while the Bank Nifty closed with 3.2% gain.

  • This is a good chance to buy into the Indian markets with long-term view, says Nitin Rakesh of Motilal Oswal AMC, on CNBC Awaaz.

  • Levels of 5300-5350 is achievable on the Nifty in the first week of July but I do not see it going further up, says Siddharth Bhamre of Angel Broking on CNBC Awaaz. Hold long positions in the market, he advises.

  • The market is likely to open gap up and we could see 5350-5400 in the short term, says Dharmesh Shah of ICICI Direct on Zee Business.

  • There is more chance that we will break out with Bank Nifty holding the key, says Mitesh Thacker, technical analyst, on ET Now. Above 10200, Bank Nifty will trade positive, he adds.

NIFTY 3-Month