Nifty closes flat, consolidates near 5400 for the 5th day
19 Jul 2010
The benchmark Nifty has been consolidated near 5400 mark for fifth consecutive day and closed flat with negative bias on Monday. FMCG, realty, auto, private power and capital goods (except L&T) companies' shares witnessed selling pressure today; Reliance Industries, TCS, Sterlite, Infosys, Bharti and ICICI Bank were other losers in trade.
On the other side, NTPC, L&T, HDFC, Reliance Communications, Wipro, Hindalco, HDFC Bank, SBI, Tata Steel, SAIL, M&M, Idea, Kotal Mahindra Bank and HCL Tech were on the buyers' radar, which capped the losses to major extent.
The 30-share BSE Sensex closed at 17,928.42, down 27.40 points and the 50-share NSE Nifty declined 7.45 points to 5,386.45. The broader indices too ended the session on a flat note.
BF Utilities, Everonn Education, Technofab Engg, Tata Steel, IFCI, ICICI Bank, Infosys and Reliance Industries were the most active shares on exchanges.
Forbes Gokak, Celebrity Fashions, Ramsarup Industries, Shree Global and TCI Finance were the top percentage gainers on exchanges; these shares rallied 20% each.
In the midcap space, BF Utilities, UB Holdings, Andhra Bank and Gujarat Flourochem were up 6-7.5% while Whirlpool, State Bank Travancore, Gee Kay Finance, Zydus Wellness and Kirloskar Brothers fell 3.5-5%.
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