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Metals, Banks and Infra supports trades - Jan 13, 2012

January 13th, 2012

Buying interest in Metals, Banks and Infra sectors has lead the markets to hold today with the Sensex closing the week by adding 117 points.

The SENSEX continued to build above the 16k mark and closed at 16154.60 gaining 117.10 (0.73%). The NIFTY ended at 4866.00 adding 34.75 (0.72%) points. CNX Midcap has shut shop at 6653.55 gaining 62.45 (0.95%) while BSE Smallcap closed at 6171.75 gaining 87.48 (1.44%).

GMR Infra plans Rs 30000 crore petroleum refinery project. GMR Infra closed at Rs. 29.40 gaining 1.75 (6.33%) with 8.19m shares traded today. Another infra player GVK Power said its subsidiary has signed an agreement with NHAI for 4 lane highway in MP. GVK Power closed at Rs. 14.40 gaining 0.70 (5.11%).

Sintex Industries announced its numbers today. Its Q3 consolidated net profit falls 27% to Rs 82.2 cr and net sales drop 2% to Rs 1158 cr YoY. The script closed at Rs. 71.85 slipping Rs. 0.35 (-0.48%) with a volume of 11m.

Entry Filed under: Equity Markets, Closing Bell, Infrastructure