Nifty closes flat; TCS, Wipro, RIL up, SBI, ONGC, SAIL dip
15 Mar 2010
The benchmark Nifty ended on a flat note for the eight consecutive session. It started the day on a negative note following weak Asian cues but in the second half of trade, it did manage to recover those early losses and remained volatile for rest of the day.
Recovery was led by heavyweights Reliance Industries and Infosys. Technology, FMCG, select telecom stocks along with Tata Motors, NTPC and Ranbaxy Labs were other gainers that helped the markets in recovery.
However, selling in capital goods, select power stocks along with SBI, ONGC, SAIL, ICICI Bank, M&M, HDFC, Maruti, ACC and DLF limited the gains to major extent.
The 30-share BSE Sensex closed at 17,164.99, down 1.63 points, after seeing an intraday high of 17,195.49 and low of 17,061.14. The 50-share NSE Nifty fell 8.1 points to 5,128.90; it has touched a high of 5,151.05 and low of 5,101.20. However, the broader indices underperformed the benchmark indices; the BSE Midcap Index was down 0.74% and Smallcap down 0.83%.
Share prices of Shree Renuka Sugars, Well Pack Paper, Pidilite Industries and Hindustan Dorr got adjusted today for bonus and stock splits.
Technology and FMCG stocks helped the markets. TCS and Wipro from the technology space gained 2.6% each. Infosys was up 1% and HCL Tech up 2.4%
