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Market Report

Wednesday, 18-July-2012


  • The markets closed with moderate gains today and barring healthcare and oil & gas, all sectoral indices closed positive. Capital goods and metal remained the best performers and auto, too, made significant gains after Bajaj Auto announced its numbers. Retail sector gained on the back of expectations that some positive move may come from the government on FDI, while PSU banks traded negative. The Sensex closed at 17185, up 80 points from its previous close, and the Nifty shut shop at 5216, up 23 points.

  • The top Nifty gainers today were Bajaj Auto, Tata Power, Sesa Goa and Jindal Steel while the biggest losers included PNB, Tata Motors, Bank of Baroda and Dr Reddy's Lab.

  • The trend of the market is down so go for day trade but on short side, says Sudarshan Sukhani, technical analyst, on CNBC TV18. Hold shorts with a target of 5150-5100, he adds.

  • June consumer price inflation has come in at 10.02% (YoY), June consumer price food based inflation has come in at 10.71% versus 10.66% (YoY)while rural inflation rate is at 9.74% versus 9.57%, reports ET Now.

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