News for Compucom Software Limited (COMPUSOFT.BO)

In the Nifty 50 index, 23 stocks ended in the green, while 27 stocks closed in the red in today's trade.

The Nifty Bank index closed 1.67 per cent up at 48866.85.

The Nifty Pharma index closed 2.33 per cent down at 20796.6.

The Nifty Auto index closed 1.34 per cent up at 22264.15.

The Nifty IT index closed 0.57 per cent down at 41820.65.

The Nifty Realty index closed 2.17 per cent up at 862.9.

Reliance Naval & Engg, Navkar Builders, Blue Coast Hotel, Tera Software and United Polyfab Gujar, hit their fresh 52-week highs during the day.

Sun Pharma, Britannia, Hindalco, Grasim Inds. and BEL were among the top losers on NSE in today's trade.

The Nifty Bank index was trading 1.86 per cent up at 48957.4.

The Nifty IT index was trading 0.32 per cent up at 42193.9.

Sun Pharma, NTPC, BEL, Hindalco and Dr. Reddys were among the top losers on NSE.

The Nifty Auto index was trading 0.32 per cent down at 21901.0.

On the sectoral front, pharma index added 1 percent and PSU Bank index up 0.8 percent.

Stocks to watch out for today: Tata Power, Indian Oil, SBI Card, Tata Motors, Zydus Lifesciences, Emami and more

Despite the negative sentiment, a total of 173 stocks hit their respective 52-week highs, of which the top 60 stocks touched record highs. This included nine stocks from the 'A' group.

Reliance Industries and many Group B stocks figure in the list. The advance-decline ratio remained strong as more than two shares gained for every declining share on the BSE. Strong buying interest as well as a bit of short-covering in beaten-down stocks play a key role.

Nagaraj Shetti of HDFC Securities says the near term trend setup of Nifty is still positive and one may expect buying to emerge from the lows in the next one or two sessions.

On the downside, any violation of an intraday support zone of 15,650 levels may cause profit booking towards 15,600-15,550 levels, said Rajesh Palviya of Axis Securities.