After following a volatile trading session for almost entire day, Indian benchmark indices became lackluster and closed on a flat note today as investors paused aggressive selling seen in the last two sessions triggered by Raghuram Rajan’s maiden credit policy. The broad based index Nifty closed at 5892.45 up by 2.70 points while Sensex closed at 19920.21 up by 19.25 points.
Investors look directionless in the expiry week as trading was extremely volatile today. Amid volatility, capital goods and auto stocks are lending support to the market. Though Rupee recouped some losses on the back of Dollar sales by corporates and foreign banks for their clients, yet Dollar purchases by importers weighing heavily on the rupee.
Sectoral indices also shown this indecisiveness and witnessed mixed trends. CNX Auto led the gainers by advancing 1.17% and joined in by CNX Media (1.09%), CNX Infra (0.60%) and CNX Consumption (0.49%). On the other hand, CNX Metal dragged the market and plunged by -1.13% and followed by CNX PSU Bank (-0.78%), CNX IT (-0.39%) and Bank Nifty (-0.35%).
Market breadth on the NSE also witnessed some balancing acts with 523 gainers against 631 losers with 71 remaining unchanged.
Out of 50 stocks of Nifty, 23 advanced and 26 declined and 1 remained without any change.
Top Five Nifty gainers: Bajaj Auto topped the Nifty gainers chart today gaining by 2.80% and followed by Tata Power (2.72%), NTPC (2.03%), Larsen & Toubro (1.97%) and Cipla (1.68%).
Top Five Nifty Losers: Today Hindalco was the biggest loser on the Nifty and plunged by -3.65% chased by BPCL (-2.60%), Coal India (-2.48%), Jindal Steel (-2.04%) and ACC (-1.90%).
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