Nirmal Bang Securities Pvt. Ltd. - Morning Call 130110

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Markets corrected for the forth day and and ends lower as profit booking was seen at higher levels. Huge buying was seen in IT sector as Infosys third quarter numbers were better than the expectation while selling was seen in reality, banking and metal sectors. The Sensex closed at 17,422 down 104 points after trading in the range of 17,612 – 17,392. The Nifty shut at 5,209 down 45 points after making an intra-day high of 5,285 The Smallcap and Midcap indices both were down by 1.14%. The Jan nifty future ended with 1.4points discounts.

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