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Market Report

Friday, 28-Dec-2012

NSE

  • The Sensex went 121.04 points up, or +0.63 per cent, to close at 19444.84 today. The broad-based National Stock Exchange index Nifty spurted up 38.25 points, or +0.65 per cent, to end at 5908.35 today.

  • Brokers said energy majors remained on the fore-front following reports that the government might gradually increase the diesel price next year to cut subsidies. They said the uptrend was further supported on a firming global trend as US lawmakers arranged talks with political parties before a budget deadline.

  • Meanwhile, Asian shares ended up on hopes of quick resolution to US 'fiscal cliff' as lawmakers initiated talks in Washington. Europe too opened on a positive note.

  • Buy Nifty with a stop of about 5840-5850, says Ashwani Gujral. The view has to be long whether Nifty is at 5880-5860-5900 wherever the view has to be long, says Gujral.

  • See Sensex at 22,000 levels by the end of 2013, tells Sanju Verma of Violet Arch Securities. The calendar year 2013 certainly seems to be the year to watch out for, for the right or wrong reasons. There is still a lot of money to be made, says Verma.

  • Consumption, commodity sectors will do well in 2013, reports ET Now. Sectors with consumption led demand and with commodity-linked inputs should do better as they will benefit in the first round of volume growth, it says.

NIFTY 3-Month

(Data/Charts courtesy NSEI/Yahoo!/iCharts/The Economic Times)