Intraday Summary- Market Synopsis- 23 January, 2012

Key benchmark indices alternately swung between gains and losses in mid-morning trade. The market breadth was strong with four stocks advancing against three declining stocks. Index heavyweight Reliance Industries (RIL) slumped more than 3% after poor Q3 results. Cement major UltraTech Cement hit record high after strong Q3 results. L&T gained after its Q3 results beat estimates. IT stocks rose on positive economic data in the US, the biggest outsourcing market for the Indian IT firms. Metal stocks were mixed after LMEX, a gauge of six metals traded on the London Metal Exchange dropped 1.06% on Friday.
(Pic. Source- bseindia.com)