Money on the markets

A maturing market amid the mayhem

Market begins week on cautious note

January 19, 2009

It was a day of weak trade on Dalal Street as the Sensex ended with a small gain of six points.

Worries over domestic quarterly numbers continue to weigh on sentiments as investors look for cues from U.S. President-elect Barack Obama’s inaugural speech, due on Tuesday, which should give some idea about his likely policy measures for growth.

The Realty index was the best sectoral performer with gains of over 2 percent. Unitech bounced back smartly to close at 31.9 rupees, after hitting an intra-day low of 25.75 rupees.

Fraud-hit Satyam Computer gained 4.1 percent in today’s trade.

In the evening, the corporate affairs minister said that there appeared to be a “nexus” between the fraud at the outsourcer and other firms linked to its promoters.

What’s your take on tomorrow’s market? Will Satyam shares be hammered by this new development?

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