Sensex loses 10 points in weak trade
The markets traded in a narrow band of 140 points on Wednesday. After a weak opening, mainly from the jitters of a 200-point overnight fall in the US Nasdaq, the markets recovered gradually as supplies dried up lower levels.
Sensex's next resistance is at 4150 points
With a recovery in index-based counters like Infosys, and Satyam Computers, the sensex managed to post a double bottom at 3840 points, and has also crossed its immediate resistance of 3940 points.
Poor results take toll on Carrier Aircon
While the market has been on a downward spiral for the last few months, some stocks have taken excessive beating. Carrier Aircon falls into this category. The stock is available at its 58-month low.