New Delhi: The Bombay Stock Exchange benchmark Sensex ended flat, 0.42% down on Tuesday, 13 January after a day of seesaw session on uncertainty of Q3 corporate results and weak opening of London Stock Exchange.
Markets opened weak on cues from US indices that ended negative and weak Asian markets but soon bounced back on account of positive sentiments brought by the announcement of third quarter results of Infosys Technologies.
IT and technology sector rallied the maximum on the index, Infosys rose as 6.36% after its Q3 results showed 33% jump in quarterly net profit at Rs1,641 cr.
After noon Sensex traded choppy but recovered over 150 points during midsession only to drop near closing after stocks of banking and metal sectors succumbed to profit-taking.
The 30-share BSE Sensex ended 38.69 points down at 9,071.36 and broad based 50-share NSE Nifty was at 2744.95 or 28.15 points down.
Satyam Computer Services Ltd continued being battered against accounting fraud scandal and ended at Rs31.25, with investors still hoping that government appointed board will revive firm’s operations.
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After morning rally, oil and gas sectors also slipped to red with ONGC losing 3.47% at Rs630.30. Leading the losers was Reliance Communications Ltd at Rs 168 or 6.59%, followed by Housing and Development Co at Rs1,553.45 or 4.21% and Tata Motors at Rs 155.25 or 4.11%
Gainers following Infosys on the BSE index were Wipro, rising by 6.05% to Rs 241.10, Ranbaxy Laboratories by 4.57% to Rs 216.40 and Tata Power by 3.40% to Rs 752.10.
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Meanwhile, Asian bourses also traded negative on expectations of dismal Q3 results as Sony hinted on posting its first ever operating loss in 14 years. Hang Seng ended 2% down and Japan’s Nikkei lost almost 5%.