The Nifty and the Sensex closed marginally in the green on Tuesday after being in the red for most part of the trading session.

The Nifty closed at 6002, up 13 points while the Sensex closed at 19743, up 51 points.

“The market on Tuesday opened lower but sustained well above 5965, which was its previous highest level and rebounded back to 6000 levels. According to us Indian currency has played an important role for last two day’s of variation but the quarterly result of Infosys on coming Friday will also keep the trend muted in the absence of further rise in Indian Rupee. Be cautious at higher levels. 6045 will be major hurdle for the market and below 5965 the sell-off may extend to 5920 or up to 5850,” said Shrikant Chouhan Head- Technical Research, Kotak Securities.

Volatility was down five per cent and the India Vix closed at 13.27.

Real Estate stocks on the BSE were the top gainers while consumer durable scrips were the biggest losers.

(This article was published on January 8, 2013)
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