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Market Report

Friday, 11-Jan-2013

NSE

  • The Sensex index registered a very negligible change of 0.09 points at 19663.64 points. It had closed at 19663.55 yesterday. After a better start at 19839.80, the Sensex failed to hold initial gains as disappointing industrial and export data hit hard. The gauge touched the day's low of 19619.83. The National Stock Exchange index Nifty fell by 15.75 points or -0.26% to close at 5952.90 today, after climbing to 6018.85 at the outset.

  • The Sensex today registered probably the most negligible change in its history -- 0.09 points -- from its previous close, though Infosys recorded its biggest ever rise of almost 17 per cent.

  • Brokers said the biggest ever rise of Infosys on higher revenue guidance remained a lone feature of the trading. They said despite weakening trend in the overall trade, stocks of IT companies and consumer durables remained in the lime-light. Investors opted to trade cautiously ahead of December inflation data scheduled next week which is likely to decide the stance of Reserve Bank of India's monetary policy on January 29.

  • Expect 2013 to be year of 'action', siad Rajesh Kothari of AlfAccurate Advisors. If 2012 was a year of hope, then 2013 will be a year of action. Expectations are running high and hence it will demand more actions from the government, Kothari said.

  • Next market rally only after key data, monetary policy, says Neeraj Deewan. This is a time where we can accumulate stock for the next leg of rally which can be kicked by the monetary policy or any data that is to come next week - results and inflation, he says.

  • We may not see great market rallies before the budget, says Sudip Bandyopadhyay. Overall, the correction is picking up momentum and on a lot of high flying spaces like retail and banking, there is some serious downside that is likely to happen, he warns.

NIFTY 3-Month

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