Markets close on a flat note

Written by: Super Admin
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Mumbai, Apr 9: The Sensex closed at 10,802, up 60 points while the Nifty closed at 3,342, down 1 point (provisional figures). Though the day saw a volatile session, the benchmark indices closed flat.

In the opening session, Nifty exceeded the 3400 mark and the Sensex crossed the 10900 level.

Increased buying interest in realty, select banking, metal, capital goods sectors and the stocks of Bharti and Reliance Industries left a positive impact on the market. Selling pressure on FMCG stocks, ONGC, NTPC, BHEL, Wipro, Reliance Communication, Maruti and Suzlon Energy capped the gains.

The broader indices outperformed for the sixth day in a row in turn keeping the market breadth positive. Index of Industrial Production (IIP) numbers were consistant with the estimates. The inflation number too were announced.
04:00 PM

Markets choppy; Huge selling in FMGC, auto

At 13.40 hrs IST, the Sensex was up 37.33 points or 0.35 per cent at 10779.67, and the Nifty was down 22.25 points or 0.67 per cent at 3320.70. The BSE midcap and smallcap indices were up 2 per cent each.

While Infosys, Bharti Airtel, L&T, ICICI Bank and HDFC Bank stocks gave the Sensex a positive drive; Reliance Industries, ITC, HDFC, ONGC and BHEL proved to be the draggers. Realty, metals, banking sectors saw buying interest and were up by 2.5 to 3 percent. FMGC, auto and Oil and Gas stocks saw selling pressure and FMGC index was down by 1 percent.

The market progress as of now: 1950 shares have advanced, 1008 shares have been declined, and 129 shares leaft unchanged.
03:00 PM

Volatile trading; midcaps, small caps up

Markets continue to trade volatile. At 11:15 IST hrs the Sensex was trading at 10,813, up 71 points and the Nifty was trading at 3,355, up 12 points. BSE Midcap and Small Cap indices gained 1.5 per cent each.

The Indices were getting support from infrastructure, realty, telecom, banking and technology stocks, and Reliance Industries. However, the selling was seen in ONGC, HUL, ITC, SAIL, Sun Pharma, M&M and ACC. Broader indices were outperforming the benchmark indices.

Reliance Industries, L&T, NTPC, Bharti, DLF, ICICI Bank, SBI, TCS, HDFC Bank, Reliance Communication, Tata Motors and Reliance Infrastructure were supporting counters.
12:15 PM

Indices open higher; trading volatile

The indices which opened green following positive global cues witness a volatile session in the opening trade. At 9:57 am, the Sensex was trading at 10,866, up 124 points and the Nifty was trading at 3380, up 35 points. The CNX Midcap 100 was up 66 points, to 3,725.

Stocks like realty, metals, banking, auto and capital goods are supporting the benchmark indices.

DLF, Unitech, L&T, ABB, Tata Motors, Reliance Capital, Reliance Communication, SBI, NTPC, PNB, Sterlite Industries, ICICI Bank, HDFC Bank, Power Grid, Reliance Power, Tata Steel, Nalco and Hindalco are the gainers in the opening trade. However ONGC, HUL, ITC and Infosys are the losers.
10:30 AM

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