Sensex, rupee edge up; Infosys, TCS lag - NDTV

The BSE Sensex gained for the third consecutive day helped by resumption in FII buying after 13 straight sessions on Friday. The Sensex traded 45 points higher at 19,441, while the 50-share Nifty edged past the 5,850 mark, gaining 12 points as of 10.07 a.m. The rupee extended its recovery rising to 59.25 against the U.S. dollar. Market analyst Sarvendra Srivastava said daily momentum is reversing and prices are back above the 200 day average, considered to be a strong support for markets. "This pullback could develop into something meaningful if the Nifty goes above the 5,863 mark," Mr Srivastava added. Deven Choksey, managing director of KR Choksey said rupee is the key to further direction in markets. "The rupee has started pulling down from 61 levels and the possibility of rupee going back to 57-58 will grow with sustained FII inflows. That could stabilise the markets," Mr Choksey added. IT stocks were the big un derperformers today. Infosys, TCS and HCL Tech were among the worst performers on the Nifty. Morgan Stanley said Infosys could cut its full year guidance later this month. 36 stocks traded higher on the Nifty led by Jindal Steel and Power, which gained 2.5 per cent. IndusInd Bank, Bank of Baroda and Tata Power were the other big gainers today. via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNF4zyWFQ-EaOj24yCAXoEQDZc67pQ&url=http://profit.ndtv.com/news/market/article-sensex-rupee-edge-up-infosys-tcs-lag-323912

Put the internet to work for you. via Personal Recipe 2910127