Tuesday, May 5, 2009

Mkts end flat amid choppy trade; midcaps outperform

It was a lacklustre day for the markets, after Monday's sharp rally. Both the equity benchmarks saw some consolidation today. The markets were volatile throughout the day. However, the broader indices outperformed the benchmark indices on the back of huge buying in sugar stocks. Buying was seen in capital goods, realty, private power companies' shares, and in individual stocks like ICICI Bank, Tata Steel, Reliance Communication, Wipro, Tata Motors, Ranbaxy Labs and Hindalco. However, oil & gas, FMCG, select financials and technology stocks remained under pressure.
The Sensex closed at 12,092, down 41 points and the Nifty fell just 4 points, to 3,649 (provisional figures).

No comments:

Post a Comment