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Nifty intact at 5150 - January 25, 2012

January 25th, 2012

The Nifty held the 5150 mark despite a voatile session today. Experts believe the 5200 mark is the next decisive point and once the market conquers it and hold it for sometime, there will be a quick rally for sometime. With global sentiments too showing signs of stability, Nifty is more likely to reach the 5200 mark or near abouts for sure but how long it will stay there and form a base is to be seen.

SENSEX has held the 17k and closed at 17077.18 gaining 81.41 (0.48%) while the NIFTY has shut shop at 5158.30 gaining 30.95 (0.60%) points. CNX Midcap closed at 7051.00 adding 96.95 (1.39%) while BSE Smallcap ended at 6408.45 adding 70.44 (1.11%) points in trade today.

Kirloskar Oil Engines approved a buyback at up to Rs 170/sh and will spend Rs 73.6 cr for buyback. The script closed at Rs. 141.50 gaining 2.00 (1.43%) with a volume of 213.63k shares traded.

Kale Consultant will consider share buyback on February 01. The script closed at Rs. 141.00 gaining 23.50 (20%) with a volume of 523.93k shares traded.

Entry Filed under: Equity Markets, Closing Bell