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Market Report

Friday, 20-July-2012

NSE

  • The markets closed with significant declines today with banking, capital goods, realty and power being the worst performers. Healthcare and oil & gas, too, lost significantly while auto and metal closed positive. The Sensex closed at 17158, down 120 points from its previous close, and the Nifty shut shop at 5205, down 38 points.

  • The top Nifty gainers today were Bajaj Auto, Maruti Suzuki, Asian Paints and TCS while the biggest losers included BHEL, Kotak Mahindra Bank, Dr Reddy's Lab and IDFC.

  • The markets remained sluggish during the week and closed with moderate declines. The Sensex was down 0.3% and Nifty lost 0.6% over the week. The CNX Midcap index closed with 1.1% loss, BSE Smallcap lost 1.1% while the Bank Nifty closed with 1% loss.

  • Gaps are seen on both sides with gap areas being 5169 and 5267, says Sarvendra Srivastav, technical analyst, on NDTV Profit. A crucial long-term pivot is 5160, he adds.

  • Selling could come in at higher levels of 5280-5290, says Dharmesh Shah of ICICI Securities on Zee Business. Buy on dips to 5225-5230 with a target of 5280-5290, he adds. Once this level is crossed then the next target would be 5350, he adds.

  • Rangebound scenario is likely to continue for some more time, says Mitesh Thacker, technical analyst, on ET Now. Minor upmove could happen only once Nifty goes above 5270, he adds.

NIFTY 3-Month