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Market Report

Wednesday, 29-Aug-2012

NSE

  • It was a negative day for the Indian market which opened gap down and remained under pressure throughout. Metals and capital goods were particularly weak in trade today. Sensex shut shop at 17490, down 140 points and Nifty at 5287, down 46 points from the previous close. CNX Midcap index was down 0.6% and BSE Smallcap index was down 0.9%. The market breadth was negative with advances at 431 against declines of 993 on the NSE.

  • Top Nifty gainers today were Tata Power, Ambuja Cements and Kotak Mahindra Bank while losers included Jaiprakash Associates, SAIL and Sesa Goa.

  • Nifty could move up to 5350 levels in this expiry, say MF Global on CNBC TV18.

  • As long as 5260 holds, we could see a bounceback which could take the Nifty up to 5340, says Kiran Jadhav, technical analyst, on CNBC Awaaz.

NIFTY 3-Month