07 June 2011

Nifty in narrow range

The Nifty was lacklustre in trade and was moving in a tight range of 5520-5545. Market could be waiting for some trigger to move on either side - may be RBI policy or any global event.

Heavyweights Reliance Industries, Infosys and TCS were supporting the market, with rising around 1%. Sun Pharma and Cipla continued their upside, with gaining nearly 2% each.

Tata Steel, ICICI Bank, SBI, HDFC Bank, Kotak Mahindra Bank, Bharti Airtel, DLF, M&M, JSPL, Grasim, Tata Motors, Reliance Infrastructure and Jaiprakash Associates were other gainers in trade.

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