Date: 25.01.2012
Goldennifty said: The share market tips was consolidating around previous day's closing value ahead of expiry today. Major large caps like TCS, Infosys and SBI were supporting the market while ICICI Bank and L&T were under pressure. The Sensex was up 28 points at 17,023.97 and the NSE Nifty gained 4.4 points at 5,131.75.
NSE Nifty will probably kiss 5200 possibly. According to him, the Nifty is likely to be in the board range of 4500-5200 going ahead.
Major largecaps like Infosys, TCS, HDFC, ITC, Bharti Airtel, SBI, BHEL, Hindalco and Coal India moved up 0.4-1.4%.
Even index heavyweight Reliance Industries was still in green. However, ICICI Bank and L&T fell 1-1.4% led by profit booking.
Shares of country's largest two-wheeler maker Hero Motocorp continued its fall, losing 1.4% today. JSPL, HUL, Tata Power and Cipla were down 0.4-1%.
The market breadth was positive; about 1412 shares advanced while 665 shares declined on the BSE. The BSE Midcap Index was up 0.7% and Smallcap up 0.9%.
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