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Charts & Analysis

Indian Market Snapshot: 02 Aug 2011

The market reversed all of yesterdays gains, ending down 1.09% at 5457. Much of the damage was in the midcaps, and overall, tough car sale numbers (down 15%) have driven down sentiment. Nifty’s below both 50 and 200 day moving averages. The P/E though is below 20, which is small relief.

Nifty Snapshot

On the sectors:

Sector Moves

Tough day overall.

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