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Market Report

Thursday, 02-Aug-2012


  • The markets traded rangebound throughout the day and closed with moderate declines. Oil & gas, banking and auto were the biggest losers in today's session while consumer durables, power and capital goods gained significantly. The Sensex closed at 17224, down 33 points from its previous close, and the Nifty shut shop at 5228, down 12 points.

  • The top Nifty gainers today were NTPC, BHEL, Axis Bank and SAIL while the biggest losers included Cairn India, Tata Motors, BPCL and Tata Power.

  • Nifty levels of 5300-5350 will act as strong resistance in near future, says Mitesh Thacker, technical analyst, on ET Now. Trade is likely to be subdued, he adds.

  • Immediate hurdle for Nifty seen at 5250, says Sarvendra Srivastav, technical analyst, on NDTV Profit. Daily momentum seems supportive with acid test for Nifty at 5270-5300, he adds.

  • The market is likely to trade in a 50-60 point range, between 5200 and 5280/5300, says PK Agarwal of Purpleline Investment on Zee Business. Take a call on trade after the first hour, he adds.

NIFTY 3-Month