18 July 2011

Sensex lacklustre


The benchmark Sensex was lacklustre in the opening trade on first day of the week, following mixed Asian cues. Indices are waiting for more earnings, clarity on inflation, RBI policy (next week), global event etc to get direction on either side.
Wipro, Reliance Industries, ICICI Bank, Reliance Power, L&T, Reliance Capital and Reliance Communications were putting pressure on the market.
However, Hindalco, SAIL, Tata Motors, TCS, Bajaj Auto, Hero Honda, Infosys and HCL Tech were on buyers' radar in early trade.
The CNX Midcap rose 15 points to 8,190 in early trade. Nifty Junior gained 24 points at 11,414. About 469 shares advanced as against 255 shares declined on National Stock Exchange.

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