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Stock Market Technical Report Wednesday 24 August 2011

Today markets come in downtrend after rising for the last two days. All sectoral indices closed in the red with auto, metal and banking were the worst performers. The Nifty breached its psychologically important level of 4900 and SBI  also closed below Rs 2000. The European markets are trading in positive zone. The FTSE index is up by 8 points, DAX is up by 56 points and CAC index is also up by 15 points. The Sensex closed at 16285 which is down by 213 points. The Nifty settled at 4889 and down by 60 points. Today's Top Gainers Were Power Grid Corporation with +1.24%, Hindustan Unilever L with +.58%, Grasim Industries with +.45%, Ranbaxy Labs. with +.37%, Hindalco Industries with +.17%. Top Loosers were Tata Power Co. with -4.74%, Tata Steel with -4.31%, IDFC with -4.20%, Tata Motors Ltd. with -4.05%, Maruti Suzuki India with -4.03%.


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