Thursday, January 22, 2009

Investors Turned To Book Profit - Jan 22, 2009

After a positive opening of the Indian benchmark indices due to overnight rally on US and most of the Asian markets, the investors turned to book profit. Despite an encouraging third quarter earnings announced by Bharti Airtel today, the investors are looking cautious ahead of quarter earnings to be announced by the country’s most valuable listed company Relinace Industries. Besides, the announcement of inflation data is also expected to drive the sentiment of the market for the day. Among the sectoral indices, Bankex, TECk and Oil & Gas surged by 1.12%, 0.94% and 0.55% respectively. Overall the market breadth is positive as 699 stocks are trading in green while 1024 stocks are in red.

At 11.30 AM, the BSE Sensex up by 47.82 points at 8,827 while NSE Nifty increased by 6.9 points at 2,713.05. The BSE Mid Cap and BSE Small Cap are trading lower by 31.01 points and 30.69 points at 2,925.49 and 3,341.95 respectively.

Gainers from the BSE Sensex Pack are Bharti Airtel up by (3.93%) to Rs.606.55, along with ICICI Bank by (2.68%) to Rs.378.9, Jai Prakash Associate by (2.30%) at Rs.66.65, ACC Ltd by (2.09%) at Rs.488.1, Sterlite industries by (2%) to Rs.242 and Grasim Industries by (1.40%) at Rs.1157.4.

Gainers from the NSE Nifty Pack are Bharti Airtel up by (4.21%) at Rs.607.6 along with Cairn India by (2.80%) at Rs.154.25, HCL Technologies by (2.55%) at Rs.118.7, ACC Ltd by (2.38%) at Rs.489 and Idea Cellular by (2.38%) at Rs.43.05.

BSE Bankex is trading higher by (1.12%) or 52.25 points at 4,697.19. The top gainers in the index are Bank of India up by (2.89%) to Rs.247.15 along with ICICI Bank by (2.68%) to Rs.378.90, Yes Bank by (2.42%) to Rs.69.75, Indus Ind Bank by (1.53%) to Rs.36.45 followed by Axis Bank by (0.80%) at Rs.411.20.

BSE TECk is trading higher by (0.94%) or 16.13 points at 1,733.47. The major gainers are Tanla Solution trading higher by (6.44%) at Rs.39.65, along with Bharti Airtel by (3.93%) at Rs.606.55, HCL Techno by (3.35%) at Rs.118.65, Jagaran Prak by (2.93%) at Rs 51, Aptech Ltd by (2.39%) at Rs 72.70 and Idea Cell by (2.38%) at Rs 43.10.

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