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Market remains under pressure; IT index down 5%/news12012012

Thursday, January 12, 2012

Indian markets opened the session on a negative note as Infosys’ weak guidance disappoints. Infosys, TCS, Wipro, HUL, M&M, Maruti and Coal India were the major losers. Selling pressure was seen majorly in sectors like technology, consumer durables and oil & gas. The market breadth was in favour of advances.
The Asian share markets were mostly lower after China released inflation data and ahead of central bank meetings and bond auctions in Europe.

Among the 13 sectoral indices, Gainers - BSE Bankex up by 1.60%, BSE CG up by 1.02% and BSe Power up by 0.94%. Losers - BSE IT down by 5.25%, BSE TECk down by 3.84% and BSE Oil & Gas down by 0.27%.
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