Mid-Market- Sensex tad higher; IT leads Analysis for Jun 26, 2013

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The key domestic benchmarks were trading with marginal gains in noon trade but volatility persisted ahead of the expiry of June F&O contracts on Thursday. The Sensex was trading higher by 20 points as IT stocks advanced. A weak rupee continued to plague sentiment as it threatened to exert further pressure on India"s record high current account deficit. On the Asian front, major stocks were mixed even as robust US housing and manufacturing data signaled a pickup in the world"s biggest economy.

At 12:20PM, the BSE SENSEX was at 18,650.04, up by 20.89 points or by 0.11 per cent, and then NSE Nifty was at 5,617.3, up by 8.2 points or by 0.15 per cent.

The BSE Sensex touched intraday high of 18,690.5 and intraday low of 18,584.3. The NSE Nifty touched intraday high of 5,635.25 and intraday low of 5,600.35.

Meanwhile, the BSE MIDCAP was at 5,850.7, down by -5.91 points or by 0.10 per cent, while the BSE SMLCAP was at 5,582.83, up by 12.58 points or by 0.23 per cent.

On the Sectoral front, IT and Power advanced 1.49 per cent and 1.19 per cent, respectively.

The Market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded 2200, shares advanced were 982 while 1062 shares declined and 156 were unchanged.

The top gainers of the BSE Sensex pack were Tata Consultancy Services Ltd. (Rs. 1421.40,+1.96%), GAIL (India) Ltd. (Rs. 291.40,+1.52%), NTPC Ltd. (Rs. 140.25,+1.45%), Tata Power Company Ltd. (Rs. 81.55,+1.43%), Larsen & Toubro Ltd. (Rs. 1386.05,+1.33%), among others.

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Story first published: Wednesday, June 26, 2013, 12:48 [IST]
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