Monday, December 10, 2007

It was a quiet day at the market that closed in the negative today. Sensex closed at 19,930, down 35 points and Nifty is at 5960, down 13 points from the previous close. The BSE Smallcaps closed up 1.7% and the CNX Midcaps closed up 0.9%. The market breadth was positive with advances at 808 against declines of 406 on the NSE. The NSE gainers include GAIL, Hindustan Petroleum, Unitech, Suzlon and Infosys while losers include VSNL, HCL Technologies, BHEL, TCS and Cipla.

The entire IT sector is attractive right now and one can buy good stocks at these levels as the sector is likely to witness a bounce back. In this pace, Zensar Technologies will see good appreciation in the short and long term, says Rajan Shah of Angel Broking on CNBC TV18. Zensar Technologies is currently trading at Rs 191, up 2.7% on the BSE.

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