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Market Report

Tuesday, 07-Aug-2012

NSE

  • The markets gained significantly on the second consecutive day with auto, IT, banking and realty leading the rally. Capital goods, FMCG and power, too, gained significantly while healthcare and oil & gas closed negative. The Sensex closed at 17602, up 189 points from its previous close, and the Nifty shut shop at 5337, up 54 points.

  • The top Nifty gainers today were Tata Motors, IDFC, DLF and Ambuja Cements while the biggest losers included Cairn India, Hero MotoCorp, Power Grid and BPCL.

  • Buy Nifty with a one-month target of 5400-5500 and stop loss of 5245, says D Prasad, technical analyst, on Zee Business.

  • Market is likely to continue to be rangebound, between 5350 and 5200, says Mitesh Thacker, technical analyst, on ET Now.

NIFTY 3-Month