Sensex ends flat; HDFC gains, TCS loses

Tags: Stock Market
The BSE benchmark Sensex today closed about 14 points lower as gains in realty, pharma, banking shares were overshadowed by losses in consumer durables, IT, and oil&gas counters amid investors adopting caution ahead of a slew of economic data later this week.

The Bombay Stock Exchange 30-share barometer was choppy for most of the session, trading in a narrow range of over 115 points. It finally concluded at 19,409.69 -- a loss of 14.41 points or 0.07 per cent. However, the NSE 50-issue S&P CNX Nifty inched up by 1.50 points to end at 5,908.90.

"This week will involve some heavy number crunching as different data sets hit the headlines. IIP and CPI data on December 12, WPI data on December 14 and import export data on December 15 are some of the key figures to be closely tracked by investors," said Amar Ambani, Head of Research, IIFL.

With the FDI in retail out of the way, activity in the Banking Bill, FCRA Bill, pension front are most likely to boost sentiments now, said brokers.

Fall in the heavyweights, including TCS, RIL, ICICI Bank, Bharti Airtel, L&T and Infosys, mainly weighed on the Sensex while HDFC, which was the top gainer in the pack with a rise of 3.15 per cent, cushioned the index's fall to some extent.

Banking stocks saw some activity on hopes the legislation on sectoral reforms would be passed during the current session of Parliament, said traders.

Although Asian markets closed better, European markets fell 0.4-0.8 per cent in afternoon deals over reports of a leadership change in Italy.

Markets @ 10.30 AM (PTI)

The BSE benchmark Sensex trimmed its early gains but was still up by 21 points in late morning trade today on buying in realty, power, banking, capital goods and PSU sectors amid higher Asian cues coupled with persistent capital inflows.

Shares of organised retailers dropped on profit taking after the UPA government on last Friday won vote on FDI in multi-brand retail in Rajya Sabha.

Foreign institutional investors (FIIs) bought shares worth Rs 648.05 crore on Friday, as per provisional data from the stock exchanges.

The BSE-30 index, Sensex, today resumed higher at 19,442.19 and hovered in a range of 19,471.15 and 19,393.68 before quoting 19,445.59 at 1030 hours, showing a gain of 21.49 points, or 0.11 per cent, from its last weekend's level.

The NSE 50-share index Nifty also moved up by 8.65 points, or 0.15 per cent to 5,916.05.

Major gainers were - Wipro (1.70 per cent), HDFC (1.45 per cent) Gail India (1.26 per cent), Coal India (1.05 per cent) and Tata Motors (1.01 per cent).

Asian stocks rose in the early trade as investors picked up on some signs of improvement in the world's top two economies.

Key benchmark indices in China, Hong Kong, Indonesia, Japan, Singapore and South Korea rose by 0.13 to 0.77 per cent while Taiwan's Taiwan Weighted fell 0.25 per cent.

Markets @ 09.00 AM (PTI)

The BSE benchmark Sensex today recovered by over 45 points in the opening trade on fresh buying by funds and retailers driven by a firming trend in the Asian region.

The 30-share barometer, which had shed 62.70 points in the previous session on Friday, rose by 45.16 points, or 0.23 per cent, to 19,469.26, led by gains in stocks of consumer durables, realty and capital goods sectors.

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