Market ends flat: Metal, oil & gas stocks outperform

It was yet another inconclusive session for the markets as they ended the day on a flat note. Metal and oil & gas stocks were the outperformers. However, IT, FMCG and pharma indices ended in red. Reliance pack clearly supported the markets, Reliance Energy, Reliance and Reliance were among the top gainers.

Broader markets have shown resilience and outperformed the benchmark indices. BSE midcap index was up 0.3% and smallcap index is up 0.6%.

In the midcap space sugar, financial and power stocks did well for themselves.

Metal index ended up over 1%. Sterlite Industries is up over 3% followed by Tata Steel & SAIL.

TTML, Nagarjuna Fertilisers, Everonn Systems, Reliance Capital, Indusind, UCO Bank, Vijaya Bank are among the midcap gainers.

Top gainers on the indices are Bajaj Auto up 2.5%. Top losers on the Sensex were NTPC, Cipla and ITC.

On the macroeconomic front, July Industrial output numbers were amajor disappointment, it was at 7.1% versus 13.2% on YoY basis. Apr-Jul Industrial Grwoth took place at 9.6% versus 11.1%,YoY. It was a major disappointment below estimates and manufacturing has taken it on the chin. Within manufcaturing it is consumer durables has taken a hit.

Sensex was down 37.41 points or 0.24% at 15505.36, and the Nifty down 0.20 points or 0.00% at 4496.85.

About 1687 shares have advanced, 1269 shares declined, and 67 shares are unchanged.

The BSE Midcap Index ended at 6,889.55 up 13 points or 0.20%.

The BSE Smallcap Index ended at 8,572.35 up 43 points or 0.5%.

The BSE Capital Goods Index was closed at 13,664.18 down 0.3%. Jyoti Structure, Reliance Infra, Carborundum, Bharat Bijlee, Thermax closed lower.

The BSE Auto Index closed closed at 4,875.78 up 0.2%. Bajaj Auto, Cummins, MRF, Tube Investment, MICO ended in the green.

The BSE Metal Index closed at 11,918.28 up 1.2%. Jindal Steel, Sesa Goa, Sterlite Ind, Shree Precoated, Jindal Saw advanced.

The BSE FMCG Index lost 0.8% at 2,081.93. ITC, Britannia, Marico, Colgate ended in red.

BSE Oil and Gas Index closed at 8,321.15 up 0.7%. Reliance Petro, Reliance Natura, GAIL, Reliance closed in green.

The BSE IT Index closed at 4,443.98 down 0.6%. Mphasis, I-Flex Solution, HCL Tech, Satyam, Patni Computer closed lower.

The BSE Bankex was down 0.7% at 7,979.77. ICICI Bank, PNB, Oriental Bank, HDFC Bank, Federal Bank closed lower.

The NSE cash turnover was at Rs 10821.24 crore and the NSE F&O turnover was at Rs 40563.67 crore. The BSE cash turnover was Rs 5368.60 crore. Total market wide turnover was at Rs 56753.51 crore.

Asian markets: were mostly higher today in the wake of Wall Street''s strong gains, Hong Kong''s Hang Seng surged 0.96% or 229.67 points at 24,181.91, Japan''s Nikkei gained 0.36% or 56.69 points at 15,934.36, Taiwan''s Taiwan Weighted was up 0.19% or 16.83 points at 9,019.95, Singapore''s Straits Times rose 0.61% or 21.47 points at 3,516.04. However, South Korea''s Seoul Composite was down 0.77% or 14.26 points at 1,833.1.