Sensex takes a flat closing on January 11, 2010
All eyes on Q3 result announcements
The Indian stock markets had a flat closing today. CNX Nifty that previously closed the last trading day at 5244.75 closed today at 5249.40. BSE Sensex opened at 17,724.59, touched an intraday high of 17,776.57 and intraday low of 17,500.79 to finally close at 17,526.71 down by 13.58 or 0.08%.
The midcap index gained 62.42 points while the smallcap index closed at 156.75.The BSE Realty Index gained 104.51 points or 2.57%. The TecK index is up 1.08%. Oil and Gas index lost 1.1%
Top gainers on the NSE Nifty include Unitech, PNB, ABB, Axis Bank, TCS, Idea, Suzlon, DLF, JP Associates and Siemens. Amongst the losers are Reliance, CAIRN, BHEL, Power Grid, Hindalco, SBI, HDFC Bank, Tata Power, Wipro and ICICI Bank.
The large cap Q3 results announcement season officially begins tomorrow with Infosys Technologies going for its Q3 results announcement. The way Dollar-Rupee performed in the last quarter and more importantly the way the markets are silently booking profits and in a way brining about a silent correction, large cap stocks would likely see some more volatility in the next few days. Market analysts feel Infosys and TCS are good IT stocks to buy for long term.
Monday, January 11, 2010 20:18:47 PM
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