The Nifty closed flat after hitting the landmark of 5,000. Selling was seen in oil & gas, realty and metal stocks, while buying was seen in IT, auto, banks and capital goods. The Sensex was up 34 points at 16711 after trading in the range of 16820-16636 and the Nifty shut at 4,965 up 7 points after hitting an intraday high of 5,002. The market breadth was weak and the Nifty Sept future ended into 4 point discount after remaining 10 point premium throughout the day.

After resting in the negative terrain for a period of 13 weeks, inflation for the week-ended Sept 5 came in at positive 0.12% versus minus 0.12% in the previous week.

In the IT pack stocks like Patni Computer, HCL Tech, Rolta, Wipro and Infosys were up 2-7.53%.

In the Auto sector stocks like Amtek Auto, Bharat Forge, Cummins, Maruti Suzuki and Exide Industries were up 3-13%.

In the Banking spcae stocks like Bank of India, IOB, IDBI Bank, Union Bank and Yes Bank were up 2-6%.

In the capital goods pack stocks like AIA Engineering, Gammon India, Alstom Projects, Thermax and Punj Lloyd were up 3-5%.

In the oil and gas sector BPCL, HPCL, Reliance, Reliance Petro and IOC were down 3-5%.

Aviation stocks were in the strong limelight, JetAirways up 18%, KFA up 13% and SpiceJet up 7%.

In the cement pack Acc, Grasim and JPAssociate were all up 3.5% each.

In the metal pack stock like Tata Steel, JSW Steel slipped 1.5% each, while Hindalco was up 4%.

Among the frontline stocks, ACC, Hindalco, JP Associates, Bharti and Maruti ended with over 3 % gains.

While RIL, ITC and Tata Steel were the other major losers down between 0.7 and 2 %.