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Monday, November 05, 2012

Indian markets end with modest gains ahead of US elections

The Indian markets chose to remain subdued on the back global cues ahead of the US Presidential elections. The Sensex and the Nifty rose 7 points each in trade today. Headlines of the day: Reliance Power Q2 consolidated net profit up by 2% Crompton Greaves hits monthly low post Q2 nos CEAT bursts post Q2 nos; stk hits monthly low India's service sector growth for October hits 6 mth low

Market ekes out marginal gains

Key benchmark indices logged marginal gains in a choppy trading session. The barometer index, BSE Sensex, advanced 7.42 points or 0.04%, up 79.62 points from the day's low and off 31.76 points from the day's high. Index heavyweight Reliance Industries (RIL) edged lower in volatile trade. Another index heavyweight and cigarette maker ITC extended gains in late trade. Car major Maruti Suzuki scaled 52-week high. The market breadth was negative. BSE Small-Cap and Mid-Cap indices both edged lower. Indian stocks rose for the fourth straight trading session today, 5 November 2012. From a recent low of 18,430.85 on 30 October 2012, the Sensex has jumped 332.02 points or 1.8% in four trading sessions. The Sensex has surged 3,307.95 points or 21.4% in calendar 2012 so far (till 5 November 2012). The Sensex has gained 257.49 points or 1.39% in first three trading sessions of November month. From a 52-week high of 19,137.29 on 5 October 2012, the Sensex has declined 374.42 points or 1.95%. From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 3,627.01 points or 23.96%.