Sensex and Nifty ended the day at flat note ahead of monthly settlement of derivatives contracts as cautious investors booked the profits. Both the benchmark indices followed the weakening sentiments visible in other Asian markets but later on the day positive signals from European markets hold the key. Nifty closed at 5836.90 marginally ahead of previous close by 2.50 points, while Sensex settled down at 19179.36 rising by 9.53 points.
Upcoming RBI monetary policy meet, scheduled on May 3rd, also contributed to the cautious approach prevailing among the market participants. In today’s market selling pressure was more confined to recent gainers in financial and capital goods sectors, while firm trend in healthcare and IT stocks saved the market any major fall.
Market breadth remained almost neutral today as 637 stocks rose against 664 declined while 71 remained unchanged.
Out of 50 stocks of Nifty index, 22 advanced, 27 declined while 1 remained unchanged.
Top Five Nifty gainers: Bajaj Auto led the Nifty Gainers list and registered 2.93% gain joined by
Hero Moto Corp (2.66%), Sun Pharma (2.58%), Kotak Bank (2.14%) and Grasim Industries (1.76%).
Top Five Nifty Losers: Jindal Steel was the biggest loser today and fell by 3.95% followed by DLF (1.91%), HDFC Bank (1.85%), State Bank of India (1.72%) and Larsen & Toubro (1.69%).
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