Nifty flat amid seesaw trade; European markets listless too
DATE: 10/09/2012
The BSE Sensex and NSE Nifty were completely listless in trade as investors eagerly awaited major events like inflation, industrial output data, Federal Reserve's policy meet and German's Constitutional Court ruling before taking any decision on the market.
The BSE benchmark moved up 25.60 points to 17,775.25 and the NSE benchmark rose 7 points to 5,365.65. European markets too were flat ahead of major events this week.
Country's largest telecom operator Bharti Airtel, drug producer Sun Pharma and world's sixth largest steel making company Tata Steel topped the buying list today with 2% gains.
Housing finance company HDFC gained 1%. Engineering and construction major Larsen & Toubro rebounded with 0.7% gains while state-run power equipment manufacturer BHEL tanked 2% after brokerages raised concerns over its order book.
Aluminium major Hindalco Industries and country's largest coal mining company Coal India were up 1.8% each.
Auto stocks like Hero Motocorp, Bajaj Auto, Maruti Suzuki and Mahindra & Mahindra moved up 0.4-1.4% while Tata Motors was flat.
Shares of ICICI Bank, Reliance Industries, TCS, State Bank of India, Wipro and Hindustan Unilever were down 0.4-0.9%. Drug producer Cipla reversed its losses on profit booking; the stock fell 2%.
+POWERED BY: THE ECONOMIC TIMES
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