Market ends flat; Reliance Energy drops on disappointing buy-back price
A marginal one-point gain in the 30-share BSE Sensitive Index (Sensex) helped the benchmark index end higher for the fourth straight session on Wednesday after a volatile, yet range-bound, trading session and thin volumes.
While the benchmark index has gained 180.45 points in the last four sessions, it faces strong resistance at the 5000-mark as witnessed at more than three occasions in the recent past.
Tommorow will be decisive. If the Sensex can cross the 5000-Mark. If it fails to do so tommorow a drop of 50 minimum points is expected by friday.
Pick for today Mastek.
Mastek commenced its buy-back programme last last month. Company has planned to buy-back at a miximum price of 320 per share.
Buy Mastek @ 265-270 --> 3/4 weeks view.
While the benchmark index has gained 180.45 points in the last four sessions, it faces strong resistance at the 5000-mark as witnessed at more than three occasions in the recent past.
Tommorow will be decisive. If the Sensex can cross the 5000-Mark. If it fails to do so tommorow a drop of 50 minimum points is expected by friday.
Pick for today Mastek.
Mastek commenced its buy-back programme last last month. Company has planned to buy-back at a miximum price of 320 per share.
Buy Mastek @ 265-270 --> 3/4 weeks view.
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