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Sensex ends flat amid volatility
Overlooking favorable cues from the global markets, the Sensex opened with a marginal positive gap of 9.34 points at 16,686.38. Subsequently, the gauge touched a 16-month high of 16,820.02 due to buying support in the IT, Auto and Banking stocks. However, in the early afternoon deals, the gauge soon pared all its gains and slipped in to the red zone as higher than expected inflation figure weighed on investors’ sentiments. The market, nevertheless, recovered due to bargain-hunting at lower levels. The bourse gained further ground in the last session of trade helped by positive European markets. The Sensex finally ended the choppy session flat with a
marginal gain of 34.07 points or 0.20%, at 16,711.11.
The Nifty closed the day above the 4,900 mark with a gain of 7.15 points or
0.14%, at 4,965.55.
Negative Market Breadth
Market breadth was negative with an advance-decline ratio of 0.78:1 on the
BSE. Out of the 2,888 stocks traded, 1,223 advanced, 1,574 declined, and
91 remain unchanged.
IT surges, Oil & Gas Plunges
IT led the gainers’ list as it rose 1.91% on reports of impressive economic
data from the US. Auto advanced 1.46% on hopes of strong sales in the
upcoming festive season. Among other gainers, Banking, Consumer
Durable and Capital Goods gained 0.78%, 0.66%, and 0.55%, respectively.
On the other hand, Oil and Gas slipped 2.86%, while Realty slipped 0.91%
on profit-booking. Among other laggards, Metal, Power, and FMCG fell by
close to 0.25% each, while Pharma declined 0.14%.
US markets decline and European markets advance US stocks slipped after a three-day run-up on concern that recent gains were overextended despite the latest round of solid economic data.
European shares advanced for a second straight session, powered by
energy and financial stocks, on expectations the global economy was
on a recovery path
Sensex ends flat amid volatility
Overlooking favorable cues from the global markets, the Sensex opened with a marginal positive gap of 9.34 points at 16,686.38. Subsequently, the gauge touched a 16-month high of 16,820.02 due to buying support in the IT, Auto and Banking stocks. However, in the early afternoon deals, the gauge soon pared all its gains and slipped in to the red zone as higher than expected inflation figure weighed on investors’ sentiments. The market, nevertheless, recovered due to bargain-hunting at lower levels. The bourse gained further ground in the last session of trade helped by positive European markets. The Sensex finally ended the choppy session flat with a
marginal gain of 34.07 points or 0.20%, at 16,711.11.
The Nifty closed the day above the 4,900 mark with a gain of 7.15 points or
0.14%, at 4,965.55.
Negative Market Breadth
Market breadth was negative with an advance-decline ratio of 0.78:1 on the
BSE. Out of the 2,888 stocks traded, 1,223 advanced, 1,574 declined, and
91 remain unchanged.
IT surges, Oil & Gas Plunges
IT led the gainers’ list as it rose 1.91% on reports of impressive economic
data from the US. Auto advanced 1.46% on hopes of strong sales in the
upcoming festive season. Among other gainers, Banking, Consumer
Durable and Capital Goods gained 0.78%, 0.66%, and 0.55%, respectively.
On the other hand, Oil and Gas slipped 2.86%, while Realty slipped 0.91%
on profit-booking. Among other laggards, Metal, Power, and FMCG fell by
close to 0.25% each, while Pharma declined 0.14%.
US markets decline and European markets advance US stocks slipped after a three-day run-up on concern that recent gains were overextended despite the latest round of solid economic data.
European shares advanced for a second straight session, powered by
energy and financial stocks, on expectations the global economy was
on a recovery path
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