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Midday Note: Markets turn uneven

Wednesday, July 15, 2009 11:10 am
By ShareGyan.com NewsDesk

The benchmark indices traded up in the middle of instability at 10:52 hours IST. Buying in power, metal, realty, telecom, capital goods and select banking stocks along with ONGC assisted the markets. Nevertheless, selling was witnessed in HUL, ITC, SAIL, Infosys, HDFC Bank, BPCL and Ambuja Cements. Reliance Industries was unstable in trade.
Indiabulls Real, STC India, Reliance Industrial Infrastructure and GE Shipping were high with 6-12.4%.
MSP Steel, Alkali Metals, SREI Infra, Panyam Cements and WABCO-TVS earned 7-10%, whereas Garden Silk Mill, Jindal Worldwid, Kaveri Seed, Hinduja Venture and Oscar Investment dipped 4-5%.
Tata Steel, Reliance Industries, Aban Offshore, RNRL, Suzlon Energy and ICICI Bank were most vigorous shares on the bourses.
Jaiprakash Associates, Hero Honda, Hindalco, Tata Steel, BHEL, Idea Cellular, Suzlon Energy and Siemens were the lead earners.
The NSE was high with 30 points and the BSE earned 88 points. The broader indices prolonged their upswing with profits of 1.9% each. Nearly 1800 shares ascended while 792 shares fell on the Sensex. Around 567 shares remained unaffected. The NSE July future traded with 7-10 points reduction.

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