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This Article is From Jan 05, 2012

Sensex opens higher, Q3 earnings to affect sentiments

Sensex opens higher, Q3 earnings to affect sentiments
Toyota unveiled its Etios Motor Racing series at the Auto Expo 2012

Indian benchmark indices opened marginally higher on Thursday.

The Sensex was trading with gains of 34.23 points. 50-stock Nifty was trading with gains of 11 points at 9:27 am.

Of 30 stocks on the Sensex,7 stocks were trading in losses.

Market heavyweight, Reliance Industries was trading with 0.47 per cent gains.  Stock of Infosys was trading with a cut of 0.18 per cent.

Prateek Agarwal, CIO at ASK Investment Managers said IT, export oriented pharma and two-wheeler companies will come out with good numbers, and hence he expects this part of market to give better returns than the rest in the coming few days.


 In Asia, markets were mixed early Thursday, following flat trading on Wall Street as renewed worries over Europe's banking system and a strong yen weighed on investor sentiment.

Japan's Nikkei 225 index fell 0.5 per cent to 8,514.03, while South Korea's Kospi index gained 0.2 per cent to 1,870.96. Hong Kong's Hang Seng Index rose 0.3 per cent to 18,787.21. Australia's S&P ASX 200 fell 1.2 per cent at 4,139.70.

Benchmarks in Singapore and Taiwan were higher while those in Malaysia and New Zealand were lower.

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