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Market Report

Friday, 18-Jan-2013


  • The Sensex gained 75.01 points, or +0.38 per cent, to close at 20,039.04 today, a level last seen on January 6, 2011. The gauge had surged 146 points in the previous session. The broad-based National Stock Exchange index Nifty rose by 25.20 points, or +0.42 per cent, to close at 6,064.40 today, after touching the day's high of 6,083.40.

  • Buying activity was more confined to oil companies after the government move to raise diesel prices in an efforts to curb fuel subsidies and narrow the budgetary deficit.

  • Besides, a firming trend in Asia and higher opening in Europe on report of Chinese economy accelerating for the first time in two years and US housing sales jumped to four-year high further supported the uptrend.

  • In the results calendar, Reliance Industries, India's biggest company by market value, beat street estimates after market hours today by reporting higher Q3 profit after tax (PAT) and sales, beating street estimates. RIL reported a 24% rise in profit over the same quarter last year. UltraTech Cements will unveil results on Saturday, Jan 19. On Monday, Asian Paints, HDFC, NTPC and SpiceJet will declare their third quarter performances.

NIFTY 3-Month

(Data/Charts courtesy NSEI/Yahoo!/iCharts/The Economic Times)