Sensex, Nifty close the day on ‘Flat Note’

Sensex, Nifty close the day on ‘Flat Note’After recovering from its initial intraday losses, the BSE-benchmarked Sensex finally settled the day with a moderate loss of two points.

The BSE Sensex closed slightly lower by 2.21 points at 14,324.01 whereas NSE Nifty ended marginally up by 11.75 points at 4,247. The BSE Sensex touched intraday high of 14,384.19 and intraday low of 14,016.95.

Further, BSE Mid Caps index closed with gain of 11.83 points at 4,942.34 while Small Caps index closed with loss 7.17 points at 5,592.40.

The domestic market today opened on downbeat note tracking weak cues from the global markets. The bourses throughout the day, continued to trade between negative and positive territory ahead of selling and buying interest.

In addition, market also exhibited volatility ahead of expiry of June futures and options contracts on coming Thursday, 25th June 2009. However, during the last trading hours market recovered smartly from all its early losses to settle the day on flat note.

On the sectoral front, most of the selling was witnessed in Bank, Metal, Consumer Durables, FMCG, Realty and IT stocks. However, Oil & Gas, PSU and Power stocks remained in limelight as observed most of buying from these baskets.

The losers from the BSE Sensex pack were ICICI Bank (4.05%), HDFC Bank (3.55%), Hindalco (3.32%), ITC Ltd (3.11%), Sterlite Industries (2.82%), DLF Ltd (2.06%), L&T Ltd
(1.62%), Infosys Tech (1.12%), Maruti Suzuki (0.98%), TCS Ltd (0.96%) and Bharti Airtel (0.76%).

The gainers from the BSE Sensex pack were Grasim Industries (4.13%), ONGC Ltd (3.30%), Reliance (3.26%), Tata Motors (2.70%), NTPC Ltd (2.54%), HDFC (2.34%), Tata Power (1.96%), Reliance Infra (1.31%) and Ranbaxy Lab (1.31%).