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Market Report

Monday, 06-Aug-2012


  • Led by RIL, the markets gained significantly today and barring FMCG and IT, all sectoral indices closed positive. Strong US job data, too, played its role in pulling the indices up. Oil & gas, auto, banking and capital goods were the biggest gainers in today's session and realty and metal, too, supported the indices well. The Sensex closed at 17413, up 215 points from its previous close, and the Nifty shut shop at 5283, up 67 points.

  • The top Nifty gainers today were RIL, Tata Motors, JP Associates and GAIL while the biggest losers included BPCL, Wipro, Dr Reddy's Lab and TCS.

  • Buy Nifty with a target of 5400 and stop loss of 5200, says Sudarshan Sukhani, technical analyst, on CNBC TV18.

  • The market is likely to open 45-50 point gap-up at 5270-5300, says Mitesh Thacker, technical analyst, on ET Now. The Bank Nifty needs to cross 10400 for upward momentum in Nifty to continue, he adds.

  • Weekly and daily set up of the market is encouraging and crucial test of 5267-5300 is likely, says Sarvendra Srivastav, technical analyst, on NDTV Profit. The first two sessions of the week will be crucial, he adds.

NIFTY 3-Month