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| After opening in the green, markets drifted lower during the course of the day and closed absolutely flat. Sensex closed at 17474, down 11 points while Nifty finished at 5221, down 4 points. BSE Mid-cap index lost 0.3% while the Small-cap index closed marginally in the green, up 0.1%. Wipro announced quarterly results which were marginally above market expectation. Shanghai fell 3% as Chinese authorities ordered some big banks to curb lending for the rest of January. European markets were trading marginally in the red. US stock indices futures were down about a third of a percent ahead of results from Bank of America and Morgan Stanley and economic reports, viz. housing starts and producer price index. |
| Realty and Oil & Gas indices were the top losers among the sectoral indices, shedding 1.9% and 1.3% respectively, while Teck and Metal indices gained 0.7% and 0.5% respectively. Bharti Airtel and Maruti gained the most among the Sensex stocks, putting on 3.4% and 2.6% respectively while JP Associate and ONGC lost the most, down 3.1% and 2.9% respectively. BSE advance-decline ratio stood at 1:1.4. |
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