Infy snatched but FMCG and Banking seized the market

Closing Market Updates 12th Apr.2013

As expected, Infy triggered the market sentiment and lead to gap down opening. Nifty opened 74 points on the down side and unable to recover the losses. Banking and other major stocks stopped market to slide below 5500 mark and Nifty ended at 5522.05 with a loss of 71.95 points and Sensex ended at 18224.47 with a fall of 317.73 points.
FMCG index gained by 1.91% and was the top gainer among sectoral indices on NSE followed by PSU Bank index. Whereas IT index tanked the most by 11.74.
In Nifty50 stocks, JPAssociat gained the most by 4.67% and ended at 70.6. Infy was the top loser by 22.07% and ended at 2273.05.
Advance/decline ratio was negative as 526 stocks gained and 752 stocks declined today on NSE.

Nifty Outlook : Nifty Apr Fut may struggle to go beyond the range of 5620 and 5580 levels.
Support : 5480/ 5455 / 5360
Resistance : 5580 / 5620 / 5660

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