www.expressindia.com - Weather | Horoscope | Stocks | RSS
expressindia web city
HomeBlogsCricketAstrologyShopping TendersClassifieds Opinions Hotels
Sign In / Register | Archive
Expressindia » Story

Sensex closes down over 38 pts

Font Size

Agencies

Posted: Jan 13, 2009 at 1625 hrs IST
Sensex

Mumbai The Bombay Stock Exchange benchmark Sensex on Tuesday failed to come out of the Satyam shock though software major Infosys recorded better earnings, and ended with a loss over 38 points.

The Sensex, which was down by nearly 1,050 points in the last two trading sessions after the Satyam fraud came to light and Wipro was debarred by the World Bank from bidding for projects, added another loss of 38.69 points, ending at 9,071.36.

The 50-share National Stock Exchange index Nifty fell by 28.15 points at 2,744.95, after hitting the day's low of 2,720.80 and a high of 2,802.60 points.

The key index dipped below 9,000 points and shuttled between 9,261.00 and 8,992.92 during the day. Every surge in the market was supported by market-heaviest Infosys Technologies, recording a profit of over 33 per cent during the last quarter ended December 31.

The IT sector index gained the most by rising 4.71 per cent at 2,147.69 as Infosys added 6.36 per cent, the most in two months. Second-largest software exporter Wipro rose by 6.05 per cent and Tata Consultancy 2.16 per cent as better earnings by Infosys boosted trading in IT stocks.

Trading sentiment was partially spooked by a fall in western stock markets and uncertainty over corporate results by blue-chip companies.

Discuss this story on expressindia forums
Post Comments
Name* Email ID*
Subject* Country*
Message*
Characters remaining
 
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
I agree to the terms of use.

Latest News

Business

Showbiz

Sports

David Headley's detention hearing deferred indefinitely

Online CAT crash traced to viruses Conflicker, Nimda

Koda arrested, blames ‘high-level conspiracy’

Top General indicted in land scam after phone records produced in Army court...

Ready to probe Orissa mining scam: CBI to court

Kazmi removed as Kasab's lawyer for 'not co-operating'

Engagement with Pak, key element of new Afghan policy: US

More
Featured Services
© 2009 The Indian Express Limited. All rights reserved
The Indian Express Group | Advertise With Us | Privacy Policy | Feedback | Work With Us | Site Map