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Market Report

Wednesday, 22-Aug-2012


  • The markets closed with moderate declines today with realty and power being the worst performers. Banking, healthcare and auto made some gains. The Sensex closed at 17847, down 38 points from its previous close, and the Nifty shut shop at 5413, down 8 points.

  • The top Nifty gainers were Ranbaxy, BPCL, Bank of Baroda and Infosys while the biggest losers included Bharti Airtel, IDFC, Sesa Goa and NTPC.

  • The market is likely to be sideways and 5500 looks easily achievable, says Sudhanshu Pandey of FRR Shares and Securities on NDTV Profit. Level of 5640 would be stiff resistance and if this is crossed then we could see 6000 plus, he adds.

  • Buy Nifty Futures with a target of 5600-5630 (spot level) and stop loss of 5341 (spot level) on closing basis, says Sarvendra Srivastav, technical analyst, on NDTV Profit.

NIFTY 3-Month