Despite weakness in the stock of big boy Reliance Industries on the back of poor results, markets showed resilience and closed flat in today’s trade. Sensex lost 4 points to close at 15375, while Nifty ended at 4572, up 4 points. However, rest of the Asian markets closed with decent gains. BSE Midcap and Smallcap indices outperformed the benchmark indices significantly, putting on 1.6% and 1.5% respectively. Reliance Ind. finished lower by 3.7%. European markets were trading higher by about 1%. US stock indices futures were up by more than half a percent.
BSE Oil & Gas lost the most among the sectoral indices in today’s trade, plunging 3.1%, followed by Auto index, which lost 0.5%. FMCG index surged 3.6%, gaining the most, followed by Realty index, which was up 3.1%. HUL was the star performer among sensex stock, gaining 5.9%, followed by Tata Power, which gained 5.5%. Reliance Industries and Hero Honda were the top losers, shedding 3.7% and 3% respectively. Turnover at Rs. 75700 cr. was nearly 25% lower than that of Friday.
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