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Market Report

Tuesday, 14-Aug-2012

NSE

  • The markets gained momentum in the latter half of the day and closed with moderate gains. Banking, oil & gas, metal and auto led the rally and consumer durables and capital goods, too, supported the indices well. Realty, healthcare and power closed negative. The Sensex closed at 17728, up 95 points from its previous close, and the Nifty shut shop at 5380, up 32 points.

  • The top Nifty gainers today were Tata Motors, Ranbaxy, IDFC and Tata Steel while the biggest losers included Sun Pharma, HDFC, Hindalco and Sterlite Industries.

  • Buy Nifty Futures with 2-3 day targets of 5400-5460 (spot level) and stop loss of 5340 (spot level), says Dharmesh Kant of India Nivesh Securities on CNBC Awaaz.

  • The market is likely to attempt move to 5400, says Sarvendra Srivastav, technical analyst, on NDTV Profit. Crucial pivot is 5400, he adds.

  • We might have a breakout on the upside soon which could take Nifty to 5550 and beyond, says Mitesh Thacker, technical analyst, on ET Now. Bias in the short term is positive, he adds.

  • July inflation has come in at 6.87% versus 7.25% in June, reports ET Now. July primary articles inflation is at 10.39% versus 10.46%, food articles inflation at 10.06% versus 10.81%, manufactured products inflation at 5.58% versus 5% while fuel group is at 5.98% versus 10.27%. May inflation remains unchanged at 7.55% (provisional), reports the channel.

NIFTY 3-Month