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Market Report

Tuesday, 31-July-2012


  • The markets made a smart recovery in the afternoon to close with moderate gains and barring consumer durables, banking and power, all sectoral indices closed positive. Oil & gas, realty and metal were the biggest gainers in today's session and IT and healthcare, too, gained significantly. The Sensex closed at 17236, up 92 points from its previous close, and the Nifty shut shop at 5229, up 29 points.

  • The top Nifty gainers today were Grasim, ONGC, DLF and Sterlite Industries while the biggest losers included Bharti Airtel, Bank of Baroda, Hero MotoCorp and Jindal Steel.

  • As the Nifty managed to close above 5160, it could move to 5260-5280, says Azim Ahmed of ICICI Securities on Zee Business. An important level for the Bank Nifty is 10250, he adds.

  • In this rally, the Nifty could move to 5270-5300 but supply will come in at higher levels, says Mitesh Thacker, technical analyst, on ET Now.

  • Credit Policy: RBI keeps key rates unchanged, cuts SLR to 23% from 24% earlier effective August 11, reports ET Now.

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