Sensex ends flat with +ve bias ahead of Infy results

Markets did not show any major movements on the either side and remained directionless in today's trade, as Investors remained on the sidelines ahead of Infy results

Major Headlines:

Suzlon wins second order in Brazil

Retail cos surge after govt notifies 100% FDI

RBI says no to CRR cut for now



Indian Indices

The key indices remained in a narrow range and ended with modest gains in todays trade. Investors chose to remain on the sidelines ahead of Infosys results. Lack of positive cues from global peers also kept traders at bay. Buying in realty, metal, banking, oil & gas, capital goods and consumer durables provided some support. Heavyweights like RIL, Hindalco, HDFC, Sterlite, Tata Steel, SBI and ICICI Bank were the postive contributors. The European stock markets were choppy, as investors awaited a German bond auction.

Sensex Movements

The Sensex began the trade 57 points higher at 16222 and remained directionless through out the day. The index touched the intra day high in early after noon at 16245 and touched the intra day low of 16128 in the mid-afternoon session. The Sensex shut shop at 16176, up by 11 points and the Nifty stood at 4861, up by 11 points.

Market sentiment

The market breadth stood strong. Of the 2936 stocks traded on the BSE, 1868 (63.62%) rose, 951 (32.39%) fell and 117 (3.99%) remained unchanged.

Viewing volumes

One of India's largest real estate company - HDIL was traded the most, with over 0.73 crore shares changing hands on the BSE. Following that, wind turbine major - Suzlon Energy (0.69 crore shares), an integrated infrastructure development company — Lanco Infratech (0.54 crore shares), India's second largest developer – Unitech (0.51 crore shares) and a DTH satellite television provider in India - Dish TV India (0.42 crore shares).

Sectoral & stock screening

Among the 13 sectoral indices, ten closed higher. Top Gainers - BSE Realty up by 4.64%, BSE Metal up by 2.26% and BSE Bankex up by 1.12%. Losers – BSE IT down by 1.42%, BSE TECk down by 1.21% and BSE FMCG down by 0.68%.

Among 'A' group stocks, top three gainers - HDIL jumped by 13.19%, Adani Power
gained by 11.65% and Wockhardt advanced by 10.77%. Top three losers - Hindustan Copper dropped by 5.71%, MMTC slipped by 3.07% and TCS declined by 2.54%.

Global signals

European stocks ticked between losses and gains on Wednesday (January 11, 2012) as decent European economic data and mixed economic news weighed on investor sentiments.

The Asian stock markets traded mixed on Wednesday, taking comfort from steady gains on Wall Street, though market participants remained wary ahead of key events in Europe that will test investor confidence in the region.

The Stock index futures pointed to a slightly higher opening on Wall Street with on Wednesday.

Market Outlook:

In the US, EIA Petroleum Status Report and Beige Book will be in focus.