Sensex closes 38 points down, Nifty up by 5.10 points

Mumbai, Jul 10: The Sensex today closed 38.02 points down at 13,926.24 on the Bombay Stock Exchange, while Nifty ended 5.10 points up after bouts of volatility on mixed global cues.

The market closed almost flat after a volatile trading session as the ivestors were uncertain about the future of the ruling UPA government at the centre. The mixed trend in the global market also reflected in the local stock market, brokers said. Sensex touched a day's high of 14,047.43 in early trade, gaining 121.19 points from its previous close of 13,964.26. It hit a low of 13,763.94, shed over 200 points before ending the session below 14K with a marginal loss in late trade.

Similarly, the broader based Nifty of National Stock Exchange went up to a high at 4,187.95 and slid to a low at 4110.40 before finally settling with a slight gain in late trade.

Global cues were mixed as European key indices France and Germany were trading lower by 1.00-1.64 per cent, while Asian markets Taiwan, South Korea, Hong Kong and Japan were marginally up and Singapore, China stocks were low by 0.55-1.54 per cent today.

Back home, Mid-Cap and Small cap index were marginally up. Barring Metal and PSU index, ending 2.50 pc and 1.79 pc up respectively, all the sectoral indices ended lower in red.

However, the market breadth was strong on BSE, with 1431 gainers as against 1194 losers and 71 stocks were unchanged. A turnover of Rs 4807 crore was quoted on BSE against Rs 5,093.01 crore in the previous session.

UNI