Thursday, January 26, 2012
The Indian markets carried previous session’s gains in today’s trade and closed the session with modest gains. The Sensex up 81 points and the Nifty up 31 points.
Headlines for the day
Kale Consultants soars on buyback plan
Biocon Q3 consolidated net profit falls 16%
Patni Computer hits 52-week high after Q4 numbers
Union Bank declines on drop in Q3 net profit
Key benchmark indices edged higher for the second straight day as data showing resumption of buying by foreign funds on Tuesday, 24 January 2012, boosted investor sentiment. The barometer index, BSE Sensex, settled above the psychological 17,000 level for the first time in more than 10 weeks. The 50-unit S&P CNX reached its highest closing level in more than 10-1/2 weeks. The Sensex advanced 81.41 points or 0.48%, up close to 60 points from the day's low and off about 55 points from the day's high. The market breadth, indicating the overall health of the market, was strong. BSE Mid-Cap and Small-Cap indices rose more than 1% each, outperforming the Sensex.
The Sensex advanced for the fifth day in a row today, 25 January 2012. From a recent low of 16,451.47 on 18 January 2012, the Sensex has jumped 625.71 points or 3.8% in five trading sessions. The Sensex has jumped 1,622.26 points or 10.49% so far in this month. From a 52-week high of 19,811.14 on 6 April 2011, the Sensex has lost 2,733.96 points or 13.8%. From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 1,941.32 points or 12.82%.