Stock Market Daily Technical Report- Thursday 11th August 2011

Today markets were not able to sustain higher level and traded in rangebound and both benchmark indices closed with moderate losses. The European markets are giving mix indications. The FTSE index is up by 62 points, DAX is up by 81 points and CAC index is down by 22 points. Banking and realty sectors were the worst performers of today's trade, FMCG was the only sector that managed to close in the green. The Sensex closed at 17059 which is down 71 points from its previous close. The CNX Midcap index is down by 0.3% and the BSE Smallcap index lost 0.2% in today's trade. The Nifty settled at 5138 which is down by 23 points. Today's Top Gainers were HDFC with +2.63%, Reliance Infrastructure with +2.50%, Kotak Mahindra Bank with +2.42%, Reliance Capital with +2.18%, NTPC with +1.31%. Top Losers were Tata Power Co. with -4.38%, Axis Bank Ltd. with -3.14%, Bharti Airtel with -2.40%, Maruti Suzuki India with -2.34%, HCL Technologies with -2.25%.


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