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Breakout may swing both ways
The benchmark indices in Asia, Europe and the US closed in a Doji pattern last week, signifying indecision among market players. The Nifty closed at 5,117.30 as against its last week’s close of 5,108. The BSE Sensex closed at 17,119 compared to 17,101 a week ago. A Doji pattern is often found at the bottom and top of a trendline and is considered as a sign of possible reversal of direction. In a Doji pattern, the market explores its options either way.

RIL wins city-gas rights for 3 centres
Reliance Industries Ltd (RIL) has bagged rights to retail CNG to automobiles and pipe gas to households in two cities of Andhra Pradesh and one in Madhya Pradesh.

News of the day

'India's concerns on non-binding emission cuts met at Summit'
India"s concerns on non-binding emission cuts have been met at the Copenhagen summit though the climate deal does open a window for a new legal treaty that may kill Kyoto Protocol based on principle of equity, a top government climate expert said today.
Public Relations

Sensex at day's low

The Sensex has slipped further and is now at 16,623, down 220 points. - Sensex extends losses - Sensex still in red; Tata Motors tumbles 5% - UTV Software to raise $150 mn for expansion, retiring debt - Sensex slips into red after +ve start - RIL bonus fails to cheer Sensex - Bull run may go bust in 2 months: Jhunjhunwala The NSE Nifty is at 4,938, down 63 points. Bharti Airtel has added 4% to Rs 348 and Reliance Communications advanced 2% to Rs 252. Tata Motors has tumbled 6% to Rs 554. SBI and Wipro have slipped over 2.5% each to Rs 2,054 and Rs 551, respectively. Grasim Industries, ICICI Bank, TCS, HDFC and Sterlite have declined around 2% each. The market breadth has turned negative, out of 2,759 shares traded, 1,564 has declined and 1,107 have advanced so far on the BSE.


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