Nifty flat amid seesaw trade; European markets listless too
DATE: 13/09/2012
The 50-share NSE Nifty remained flat amid seesaw trade today as the upmove in banks, oil & gas, capital goods and two-wheeler stocks offset the weakness in healthcare, HDFC pack, four-wheeler and metals stocks.
The BSE benchmark rose 26.52 points to 18,026.55 and the NSE benchmark was up 6 points to 5,436.85. The broader markets too were flat as the market breadth was neutral.
Oil & gas producers Reliance Industries and ONGC were up 0.7% and 1.8%, respectively.
Country's largest lenders State Bank of India and ICICI Bank moved up 0.8% each while their rival HDFC Bank was down 0.15%. Housing finance company HDFC fell 0.85%.
Capital goods majors Larsen & Toubro and BHEL gained around 1%. FMCG major Hindustan Unilever and software services exporter Wipro rose 0.56%.
Hero Motocorp, India's largest two-wheeler maker went up more than 2% while its rival Bajaj Auto was up over 1%.
Drug producers Cipla and Ranbaxy Labs, and telecom operator Bharti Airtel topped the selling list, falling 2-3%.
In the second line shares, Redington India, Cholamandalam, Gujarat Flourochem, Financial Tech and Cox & Kings rallied 4-6% while Shree Global, Glodyne Tech, Tulip Telecom, BGR Energy and Bharat Forge lost 3-7%.
European markets opened flat following listless trade in US and Asian markets, especially ahead of Federal Reserve’s policy meeting today evening. Majority of economists expect another round of quantitative easing from the Fed.
+POWERED BY: MONEY CONTROL NEWS
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