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Markets end flat on global cues
Notwithstanding the intra-day gains, the markets ended flat on Monday after global crude oil prices have started downward movement. Sensex surged over 200 points till afternoon but trimmed gains in the second half trading session.
Mumbai: Notwithstanding the intra-day gains, the markets ended flat on Monday after global crude oil prices have started downward movement. Sensex surged over 200 points till afternoon but trimmed gains in the second half trading session. The experts say that the overall market sentiment looks weak and heavy volatility kept investors on the sideways.
Sensex closed with 50 points up at 24,486 and Nifty ended up 14 points at 7,436. Meanwhile, the broader markets also gained with midcap and smallcap indices up 0.4 per cent and 1 per cent each.
On the sectoral front, metal, pharma, bank and IT stocks reported gains while infra, auto and energy stocks declined. Among the bank stocks, HDFC Bank closed about 1 per cent, HDFC gained 1.4 per cent and ICICI Bank closed 1.5 per cent higher.
The pharma pack was led by Sun Pharma with 2.2 per cent gain followed by Dr Reddy's Labs and Cipla. The others which gained include: ONGC, HUL and TCS.
The gainers: Tata Steel, up 2.73 per cent at Rs 253.85; Sun Pharma, up 2.25 per cent at Rs 807.80, ONGC, up 1.57 per cent at Rs 219.85, Coal India, up 1.52 per cent at Rs 304.50; and ICICI Bank, up 1.46 per cent at Rs 236.15.
The losers: Gail, down 3.09 per cent at Rs 356.10; Hero MotoCorp, down 2.52 per cent at Rs 2,520.80; Larsen and Toubro (L&T), down 1.90 per cent at Rs 332.90; and Adani Ports, down 1.49 per cent at Rs 218.40.
