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Indian stock market daily morning report (March 12, 2010, Friday)
March 12, 2010, Friday, 05:21 GMT | 00:21 EST | 10:51 IST | 13:21 SGT
By Nitin A. Khandkar (Keynote Capitals)
Views on markets today
- Recovery in IT and bank stocks helped the Sensex close positive yesterday. Profit taking was witnessed in auto stocks which capped the gains.
- Market breadth was weak near about 0.6x.
- Asian markets are mixed today. While the Nikkei is up, the Hang Seng is trading with a moderate decline.
- We expect a flat but positive biased opening for the Indian markets this morning.
Key events today
- Closing of FPO of NMDC (subscribed 0.79x as of March 11, 7PM)
Buzzing Stocks
- Fortis Healthcare is acquiring a strategic stake in Parkway Holdings, Singapore.
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