Indian equity market traded in red zone in the morning trade but consolidated in the afternoon around previous day’s close. 50 stock index Nifty ended inch above to previous day close at 5923.85 surging just 4.40 points while 30 stock index Sensex ended at 19568.22 up by 22 points.
Reliance Industries gained momentum just ahead of the annual general meeting scheduled tomorrow. Sun Pharma too held up its intraday gains. Some banking stocks declined on continued uncertainty over rate cuts and on caution as foreign investors sold index futures.
Among the sectoral indices CNX Energy was the biggest gainer up by 1.61% followed by CNX Realty (1.58%) and CNX Commodities (0.49%) while CNX Media was the top loser plunging -0.92%.
Out of 50 stocks of Nifty 28 stock advanced while 22 declined.
Top 5 Nifty gainers: Reliance (2.79%), DLF (2.67%), ONGC (1.82%), Hindalco (1.78%) and Sun Pharma (1.69%) were among the top index gainers.
Top 5 Nifty losers: Ambuja Cement (-1.72%), Infosys (-1.32%), HDFC (-1.31%), ACC (-1.24%) and HCL (-1.06%) were among top losers.
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