Indian benchmark indices pared its intraday gain as market remained volatile till the afternoon trade but ended the day on a flat note. Nifty struggles to remain above 5700 mark but ended the day at 5685.40 up by 7.50 points while Sensex closed at 19182.26 up by 18.24 points.
BHEL posted its worst percentage fall in nine years. Price of the share however hit its seven-year low after the power equipment maker posted nearly 50% declines in net profit. BHEL reported a net profit of Rs 465.43 crore for the first quarter ended June 30, 2013 weighed down by lower sales. It had clocked a net profit of Rs 920.90 crore in the year-ago period.
After giving up over 70% last week, Financial Technologies witnesses a solid rebound and gained more than 33% today. In the latest development over the weekend, NSEL said 13 trading members will pay 5% of their outstanding obligations, a total of around Rs 3,100 crore, weekly, and eight members, with contracts amounting to almost Rs 2200 crore, would settle outright.
Among the sectoral indices CNX Metal gained 2.34% followed by CNX Media (1.96%) and CNX PSU Bank (1.49%) while CNX Infra plunged -1.47% and was top loser of the day.
Out of 50 stocks of Nifty 31 stocks advanced, 18 declined and 1 remained unchanged.
Top 5 Nifty gainers: Jindal Steel (8.48%), JP Associate (5.56%), Ambuja Cement (5.05%), Sesagoa (4.92%) and Reliance Infrastructure (4.23%) were Nifty top gainers.
Top 5 Nifty losers: BHEL (-19.65%), Asian Paints (-4.86%), BPCL (-2.71%), Bharti Airtel (-2.40%) and Bajaj Auto (-2.11%) were among top losers.
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