Posted on Wednesday, 20th January 2010 by Admin
The key benchmark indices were flat in the afternoon trades today. The Sensex was up 18 points at 17,504 levels and the Nifty was flat at 5,225.
Realty and oil & gas counters were under pressure while auto, banking and technology stocks rose marginally. The realty index on the BSE slid 1.3 per cent.
Among the Sensex counters, Bharti Airtel was the top gainer. The stock rose 3 per cent. ICICI Bank was up 1.8 per cent. Maruti, Tata Steel and NTPC were up over 1 per cent each.
JP Associates, however, fell over 3 per cent each. ONGC was down 2.2 per cent.
Asian stock markets were mostly lower on Wednesday amid renewed fears of Chinese lending curbs and jitters about U.S. corporate earnings that have provided mixed signals about the strength of economic recovery.
China’s Shanghai benchmark tumbled nearly 3 percent after investors interpreted a speech Tuesday night by Premier Wen Jiabao as a sign the flow of easy credit will be further stanched.
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Tags: Realty, Realty Stocks
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