Mkts close mixed amid volatility; Nifty trapped at 3100

Posted By: Staff
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Mumbai, Jan 6:The benchmark indices closed the session on a mixed note amid high volatlity - the Nifty seemed consolidating at 3100 level. Reliance Industries and ONGC played a key role in today's choppiness.

Buying was seen in shares of private banking, metal, cement, auto, oil marketing companies as well as Reliance Industries, Satyam and BHEL. However, shares of telecom, power, real estate companies as well as SBI, TCS and L&T were under pressure.

The Sensex remained rangebound between a day's high of 10,392.12 and low of 10,150.68. It shut shop 10,335.93, up 60.33 points or 0.59 per cent from previous close.
5.11 PM

Sensex consolidates; metals, banks up

Equities were gaining some strength Tuesday, Jan 6 after lacklustre trade in the morning due to lack of direction and an up-move in previous trade. Mixed Asian markets were of little help to offer any support. Traders were quite active in smallcap and midcap stocks which outperformed the benchmarks. Rally was seen in metals and rate sensitive banks and auto stocks.

At 12:30 pm, Bombay Stock Exchange"s Sensex was at 10342.82, up 67.22 points or 0.65 per cent. the 30-share index touched an intra-day high of 10344.38 and low of 10229.87.
National Stock Exchange"s Nifty was 3130.40, up 8.95 points or 0.29 per cent. The broader index touched a high of 3135.20 and low of 3107.65 in trade so far.
2.42 PM

Indian Markets open flat, Satyam, HDFC gain

On Tuesday, Jan 6 Bombay Stock Exchange's Sensex fell 37 points to 10,238 and the National Stock Exchange's Nifty lost just 4.2 points to 3,117. CNX Midcap 100 went down 13 points to 3,933.

HDFC, Zee Entertaiment, SAIL, Satyam Computers, Tata Communication, Power Grid, Sterlite Industries, BHEL, ICICI Bank and ACC were major gainers. Tata Power, Ranbaxy, Reliance Infrastructure, DLF, L&T, Unitech, Maruti, HDFC Bank, Reliance Communication, ONGC, SBI, NTPC, Infosys and Reliance Indistries were major losers.

US stocks fell as investors booked profits after last week's run-up, while analyst concerns about slowing wireless growth in 2009 weighed on large telecom and cable companies. 10:05 AM

OneIndia News (With inputs from Agencies)

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