Weak global cues caused profit booking in heavyweights while F&O expiry next day keep the indices choppy. SENSEX closed at 18179, down 131 points and Nifty at 5462, down 42 points from the previous close. CNX MIDCAP index was down 1.2% and BSE SMALLCAP index was down 1.4%. The market breadth was negative with advances at 251 against declines of 1044 on the NSE. Top gainers are listed as STER, ONGC, ITC, TCS, INFOSYS, PNB, RPOWER and IDEA. Top losers are listed as CIPLA, DLF, TATASTEEL, HINDALCO, HEROHONDA and UNITECH.

Next Day Trading Session:

In the next session, 5510-5520 might act as strong resistance zone for NIFTY and it is likely to get support around 5400-5410. BANKING heavyweights, METALS and REAL-ESTATE may face more selling while PHARMA and POWER STOCKS may attract buying.

Fundamental Picks

Investors who have a horizon of 6-12 months can buy the following companies. The companies have potential to give higher returns than index over a long term.

Corporate Highlights

EdServ has struck a Global e-Training Partnership with COREL Corporation, Canada a global leader in graphics and productivity software with over 100 million active users in 75 countries, where by the company has become an Authorized Online Training Partner of Corel with rights to train and certify students on the Corel technology, graphics design, and desktop publishing.

Atlanta has received order amounting to Rs. 54.73 crore from office of the Chief Engineer, National Highways, Orissa, Sachivalaya Marga, Unit-4, Bhubaneshwar for execution of the widening and strengthening existing intermediate lane to two lane carriage.

Geometric has announced the release of eDrawings Professional for Autodesk Inventor version 8.0 with support for Autodesk Inventor 2011. eDrawings is the first email enabled collaboration tool designed to ease the sharing and interpretation of 2D and 3D product design data.

Patni Computer Systems has secured a seven-figure contract over three years to deliver application management services to Codan Group in Scandinavia. Patni Computer Systems has secured a seven-year contract for the development and delivery of 'Progresso'- Serco's new information management platform for schools.