Bulls remains silent ahead of Mixed Global Cues; Sensex gains 34 pts
The BSE benchmark Sensex finally ended the day on flat note, after skipping up and down throughout the trading session on mixed global cues.
In today's session, the Sensex closed just above the dotted line at 14,874.91, up by 34.28 points while, NSE Nifty closed marginally lower by 4.65 points at 4,525.25. The BSE Sensex touched intraday high of 14,994.31 and intraday low of 14,608.23.
Further, BSE Mid Caps and Small Caps Indices also settled the day on a flat note, i. e with gains of 42.47 and 56.20 points at 5,246.68 and 6,252.98 respectively.
On Tuesday, the domestic benchmark Index opened the day with slight gains following positive cues from the markets all over the world, but soon it came off the day's high and started losing ground on profit booking.
Throughout the day, the market remained volatile as the investors took calculated steps to book further position after four straight day of continuous rally.
However, the market made a smart recovery during final trading hours, ahead of positive & favorable domestic figures, which led the market to pare most of its losses to close on a flat note.
According to a latest report, the India's infrastructure sector output jumped 4.3% in April from 2.3% in the same month last year. In addition, the output has also surged 2.7% in the March 2009 fiscal, as against 5.9% growth in 2007/08.
On sectoral front, the investors were seen on-loading their position across the sectors led by Consumer Durables, Metals and Auto while Realty, Power and PSU index witnessed heavy selling.
Gainers from the BSE Sensex pack were Tata Steel (8.24%) followed by HDFC (4.19%), Sterlite Industries (3.87%), Tata Motors (3.31%) and M&M (2.10%).
Losers from the BSE Sensex pack were ACC Ltd (5.83%), Ranbaxy Labs (4.50%), Reliance Infra (4.34%), Tata Power (3.36%), DLF (2.43%) and HDFC bank (2.41%).