Sensex opens flat in 2012 - ICICI Bank, L&T lead

Mumbai: The Sensex opened first session of the year 2012 on Monday with a mild gap up, supported by Reliance, Bharti, L&T and ICICI Bank. The Sensex gained 49 points at 15,504.10 and the Nifty rose 9 points to 4,633.50.

Shares of frontrunners like Tata Motors, BPCL, M&M, SAIL, Tata Steel, Reliance, Bharti, Sterlite, ICICI Bank, JP Associates, L&T and ONGC were quite supportive.

Tata Motors gained 2 per cent as the company sold 82,278 units in December. M&M rose 1 per cent as its auto sales went up 26 per cent to 42761 units in December.

However, IDFC, Sesa Goa, Kotak Mahindra Bank, NTPC, HDFC, DLF, PNB, HDFC Bank, Cairn India, Infosys and TCS were under pressure in the early trade.

The CNX Midcap rose 19 points to 6,130.

In the second line shares, GMR Infra, Lanco Infra and Jain Irrigation gained 1.5-3 per cent.

Airline stocks rallied post oil marketing companies reduced aviation turbine fuel prices by Rs 622/kl. Kingfisher Airlines was up 3 per cent and Jet Airways was up 2.5 per cent.

However, Indiabulls Real, VIP, Jaypee Infra and Adani Enterprises were down.

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