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Indian stock market daily closing report (January 10, 2013)

Contributed by Nirmal Bang

Indian markets failed to sustain the morning gain and ended on a flat note ahead of Infy quarterly result tomorrow. Banking and Oil & Gas stocks have provided some support to the markets today.

The government has approved a proposal to inject Rs 12,517 crore in public sector banks to help them enhance the lending activity and meet the capital adequacy as per Basel-III norms. Oil ministry of India has said that a proposal to raise fuel prices in phased manner is going to be submitted to the union cabinet.

The breadth of the market was negative in today’s trade.