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The Sensex trimmed some of its gains due to profit booking and the negative opening of the European markets.


Realty, IT and metal stocks showed some resistance, while oil & gas, capital goods and power stocks were seeing selling pressure.


BSE Midcap and Smallcap index rose 0.01 per cent and 0.05 per cent respectively.


At 1:51 pm, Bombay Stock Exchange's Sensex lost 63.26 points at 17262.75 after touching a low of 17205.38 and high of 17457.26.


On the other hand, National Stock Exchange's Nifty stood at 5121.55, down 20.25 points. The index touched a low of 5105.05 and high of 5181.95.

Stock market analysts have maintained 'buy' rating on Jindal Saw with an intraday target of Rs 810.

According to them, interested traders can purchase the stock above Rs 800 with a strict stop loss of Rs 792. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 821.

Shares of the company, on Saturday (Oct 17), closed at Rs 797.90 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 88.70 and 9.04 respectively. The share price has seen a 52-week high of Rs 803.70 and a low of Rs 135 on BSE.

The Sensex ended the week on a flat note after losing almost all intraday gains on Friday.


FMCG, healthcare and IT stocks remained the major gainers of the day, while oil & gas and capital goods witnessed heavy profit booking.

TCS is a part of one of Asia's largest conglomerates "TATA Group", which is having presence in Energy, Automobiles, Telecommunications, Financial Services, Chemicals, Engineering and Materials etc. Company has presence in 34 countries across 5 continents and seven of the Fortune Top 10 companies are in its valued customers list. Company has launched its most integrated business accounting software "Personal Accountant" in Guwahati in 2000. Company has emerged as Asia's largest software and Services Company launched its computer security consultancy practice.

Mumbai, Oct. 16 : Banking stocks drove the Bombay Stock Exchange (BSE) sensex up by 0.74 percent to its highest close in 17 months despite witnessing a slide in metals maker Sterlite Industries after it sold debt checked the gains on Friday.


Sentiment was also upbeat as optimism about quarterly earnings of companies lifted world stocks towards highs last seen before the collapse of Lehman Brothers.