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Market Report

Monday, 16-July-2012

NSE

  • The markets lost all the early gains in the afternoon and closed negative. IT, metal, realty and power were the worst performers in today's session and auto and capital goods, too, lost significantly. Healthcare, consumer durables and oil & gas closed positive. The Sensex closed at 17103, down 110 points from its previous close, and the Nifty shut shop at 5197, down 30 points.

  • The top Nifty gainers were Bharti Airtel, Maruti Suzuki, Dr Reddy's and Axis Bank while the biggest losers included Tata Steel, TCS, Tata Motors and Jindal Steel.

  • The market is likely to trade in a tight range, between 5200 and 5300, says Anil Manghnani of Modern Shares and Stockbrokers on Zee Business. Call should be taken only on a break on either side, he adds.

  • There is support for the Nifty at 5215 which could be breached in 1-2 days with a target of 5180 which will be crucial support, says Mitesh Thacker, technical analyst, on ET Now.

  • The weekly set-up confirms weakness with strong resistance at 5300-5310, says Sarvendra Srivastav, technical analyst, on NDTV Profit.

  • June WPI inflation has come in at 7.25% versus 7.55% in May, reports ET Now. April inflation has been revised to 7.5% versus 7.23%. June primary articles inflation is at 10.46% vs 10.8%, fuel group at 10.27% vs 11.53%, food articles at 10.8% vs 10.74% while manufactured products inflation is at 5.00% vs 5.02% (MoM), reports ET Now.

NIFTY 3-Month