Closing Summary- Market Synopsis- 12 January, 2012

It was a highly eventful day starting from the Infosys Q3 earnings and business outlook to the Nov IIP data and weekly inflation figures. The key Indian equity indices drifted down and closed lower today after enjoying a spectacular rally on Tuesday and consolidating yesterday. The IT space took it on the chin today as Infosys' Q3 results and guidance failed to bring a smile on investors' faces. Index bellwethers RIL and L&T also contributed to the fall. Finally, the Sensex ended at 16,037, down 138 points, after touching a day's high of 16,178 and a day's low of 16,117 and the Nifty settled at 4,831, down 30 points after hitting a day’s high of 4,869 and a day’s low of 4,803. The midcap and the small-cap counters closed positive.
(Pic. Source- bseindia.com)