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Zimtu Roadtrip 2011: Vienna, Austria
November 7, 2011
Hosted by Boerse Express, Smallcap-Investor and Zimtu Capital Corp.
Photo courtesy of Martina Draper of www.Boerse-Express.com
Infosys topped the selling list on Sensex, down 2.6 percent followed by TCS, Tata Motors, Mahindra & Mahindra, Hero Motocorp, Coal India and Sesa Sterlite with 1-2 percent losses.
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Nifty hits 8050; Sensex, midcap, smallcap rally; Hero up 2%
The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices gaining 1 percent and 1.8 percent, respectively. About four shares advanced for every share declining on the Bombay Stock Exchange.
Equity benchmarks rebounded smartly with the Sensex rising 210.31 points to 26841.60 and the Nifty advancing 65.15 points to 8040.65 supported by broadbased rally. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices gaining 1 percent and 1.8 percent, respectively. About four shares advanced for every share declining on the Bombay Stock Exchange. Shares of Reliance Industries, ITC, HDFC, Larsen and Toubro, Sun Pharma, ONGC, Hero Motocorp, Dr Reddy's Labs, Wipro and Maruti Suzuki rallied 1-2 percent followed by ITC, ICICI Bank and SBI with 0.8 percent gain.
American and Asian markets are getting negative signals from the beginning of the Sensex and Nifty have declined. Sensex and Nifty is down 0.10 %. Midcap and smallcap stocks on NSE shopping environment remains today. Metal in today’s business, infrastructure and realty indices have risen by half % The BSE 30-stock index, Sensex down 20 points to 25 837 level. However, the Nifty slipped 15 points to 7857 levels.
Money Maker Research senior analyst Mr. Santosh Sahu believes that the quarterly results of oil marketing companies may be good. Eicher Motors results created pressure on the margin while Asian Paints has been a strong growth volume of 11%. But Wipro growth strategy is not clear. His www.moneymakerfinancial.com/blog/nifty-tips-trend-commodi...
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