Sensex and Nifty Down

At 09.25, the Sensex was down 51.79 points or 0.29% at 17960.18, and the Nifty was down 18.10 points or 0.34% at 5376.75. About 542 shares advanced, 542 shares declined, and 2558 shares remain unchanged.

Nifty gainers: Jindal Steel, HUL, Sun Pharma, Cairn India and HDFC were up 1-1.6%.

Nifty losers: DLF, Infosys, Dr Reddys Labs, Reliance Capital and Tata Power were down 1-4%.

Karnataka Bank has announced its results

Karnataka Bank has announced its fourth quarter results. The company's Q4FY11 net interest income (NII) was up 71% at Rs 205 crore versus Rs 120 crore.

Sensex a good bet between 17,295-20,000 range

Indian market, struggling to resurface from the debris of gloomy world economy, has almost lost confidence of both global and local investors. Global sell-offs have been pulling Indian shares.

Sensex a good bet between 17,295-20,000 range.

India and China: Economic Indicators over 10 years

At the start of the decade, China’s gross domestic product (GDP) was 2.5 times India’s. Today, it is 3.8 times as large. Foreign exchange reserves were 4.4 times India’s in 2000; in 2010, they were nine times the size. Exports of goods and services were 2.4 times that of India in 2000. Ten years later, they are 3.4 times bigger.
For more information: Economic Indicators

Nifty Unstable

The Indian markets opened on a flat note after drubbing it took from the hands of bears in last session. The global cues are not too supportive for the markets at this point of time. Buying was seen in capital goods and selective telecom stocks.

At 09.21, the Sensex was up 65.84 points or 0.37% at 18059.17, and the Nifty was up 28.05 points or 0.52% at 5414.60.About 625 shares advanced, 244 shares declined, and 2773 shares remian unchanged.

Nifty gainers: Larsen, Ranbaxy Labs, Grasim, Sun Pharma and DLF were up 1-1.4%.

Nifty losers: HCL Tech, Hindalco, GAIL, Sesa Goa and Jaiprakash Associates were down 0.6-2%.