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Nov 01, 2012, 09.45 PM IST
It was yet another day of consolidation for the market as Nifty kept drifting in the range of 5600-5650. Analysts "believe consolidation is an intermediate pause" in an otherwise medium term uptrend.
The Sensex closed at 18561.70 up 56.32 points or 0.30% and the Nifty ended at 5641.35 up 21.65 points or 0.39%. About 1643 shares advanced, 1141 shares declined, and 673 shares remain unchanged.
Tata Motors, Bharti Airtel, Cipla, Wipro and Reliance Infra were top gainers. HUL, ONGC, ITC, GAIL and HDFC Bank were top losers.
Maruti and M&M gained about 1.80%, while Tata Motors was up by more than 4%.
Earnings will remain in focus in the coming sessions. Apollo Tyres, Wipro, and Union Bank are some of the prominent stocks announcing their Q2 FY13 results tomorrow.
Indian equity benchmarks remained in a narrow range around their previous closing values. Shares of Reliance Industries, a flagship company of Mukesh Ambani group, pared losses to 0.6 percent from 2 percent following the company recommenced its share buyback programme from Thursday.
Indian shares remained listless as both benchmarks were hovering around their previous closing values since opening. Tata Motors, Bharti Airtel, Wipro, Power Grid and Cipla topped the buying list while ITC, HUL, Reliance Industries and ONGC were major losers.
Jun 20 2013, 17:26
- in MARKET OUTLOOK
Jun 20 2013, 11:06
- in FII View