26 August 2011

Nifty directionless


Trading in Indian market has been listless for the past one hour. The 30-share BSE Sensex was trading at 16,179.86, up 33.53 points and the 50-share NSENifty was at 4,846.70, up a miniscule 7.1 points.
Investors picked up shares in healthcare, auto and select technology stocks. Buying was seen in ONGC, Bharti Airtel, HDFC and HDFC Bank shares as well, which moved up 1% each.
However, power, cement, Anil Dhirubhai Ambani Group shares as well as select metal shares were being dumped. SBI, ITC, Wipro and ICICI Bank too were down.
Asian markets continued to trade mixed. Shanghai, Hang Seng and Straits Times were down between 0.2% and 0.8%. However, Kospi and Taiwan gained 0.4%.

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