Key indices ended flat today due to profit sales in technology and telecom shares. Weakness in the US market and mixed trend in Asian indices also hit sentiment. |
Dealers said investors have turned cautious as valuations are stretched at current levels and markets may take a breather ahead of the holiday season. |
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The Bombay Stock Exchange Sensex ended at 13972.03, up 23.03 points or 0.2 per cent from Wednesday. It moved between 13915.74 and 14002.72 points. |
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The National Stock Exchange Nifty ended at 4015.35, down 0.6 points. It moved between 4001.40 and 4027.70. |
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Turnover on both the exchanges together was roughly Rs 11,200 crore, as against Rs 13,200 crore on Wednesday. |
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On BSE, there were equal number of advances and declines. |
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Capital goods companies were the lead gainers, among Nifty companies. BSE Capital Goods Index, up 1.4 per cent, was the top gainer among BSE indices. ABB India, up 6 per cent at Rs 3,885, was the top Nifty gainer. Its parent, ABB Ltd, on Wednesday bagged a $130 million (Rs 580 crore) contract from Grupa Lotos SA. |
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ABB was followed by Hindalco Industries, up 3 per cent, and Zee Telefilms, up 2.3 per cent. Siemens India was up 2 per cent at Rs 1,186, and Bharat Heavy Electricals was up 1 per cent at Rs 2,644. |
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Reliance Industries ended up 1.5 per cent at Rs 1,301 on reports that its retail arm is close to acquiring Maratha Stores, a co-operative chain with 20 outlets in Mumbai. |
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Maruti Udyog was up 0.5 per cent at Rs 946, as it is planning to develop a small car with a 660cc engine to compete with Tata Motors' proposed Rs 100,000 car. |
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Satyam was the sole gainer among Nifty technology companies. The stock ended up 1 per cent at Rs 468. |
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Shares of technology and telecom companies were worst affected due to profit sales. BSE technology and telecom indices ended down 1 per cent each. |
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Bharti Airtel was down 1.5 per cent at Rs 638 and Reliance Communications was down 1.3 per cent at Rs 456. |
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HCL Technologies and Infosys Technologies ended down 1 per cent at Rs 632 and Rs 2,224. |
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