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Markets have a quiet session
January, 11th 2011

The markets are having a steady session of trade post the gut-wrenching correction in the past two trading sessions. The Sensex has gained 41 points at 19,266 and the Nifty is up 16 points at 5779. The broader markets are also trading sideways, with the midcap index at 7302, higher by six points and the smallcap index at 9122, up 23 points.

RCom has strengthened by 2.9% at Rs 139 to emerge as the leading gainer on the BSE. Hindalco has gained 2.7% at RS 229 and Bajaj Auto has added 2.2% at Rs 1292.

The IT sector, which was a relative outperformer amid the carnage in the previous trading session, is witnessing selling pressure. TCS has cracked by 2.3% at Rs 1102 to emerge as the top loser on the BSE. Infosys has shed 1.9% at Rs 3332 and Wipro has lost 1.3% at Rs 458. DLF, Maruti and Tata Motors are the other significant losers.

The market breadth is mildly positive; Out of 2648 stocsk traded on the BSE, there are 1308 advancing stocks as against 1239 dcelines.

 
 
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