Sensex ends flat
Tuesday, 7 December 2010
MUMBAI, Dec 6 (Economic Times): Equities failed to hold on to intraday gains and ended on a flat note as traders booked profits near psychological resistance levels. Selling activity was seen in banks, realty and FMCG space while metals and oil&gas showed some strength.
Bombay Stock Exchange's Sensex ended at 19957.78, down 9.15 points or 0.05 per cent. The index touched intraday high of 20217.86 and low of 19949.70.
National Stock Exchange's Nifty closed at 5,985.90, down 6.90 points or 0.12 per cent. The index touched a high of 6069.45 and low of 5982.40 in today's trade.
BSE Midcap Index was down 0.42 per cent and BSE Smallcap Index slipped 0.92 per cent.
Amongst sectoral indices, BSE Bankex fell 2.58 per cent, BSE Realty Index declined 0.46 per cent and BSE FMCG Index edged 0.35 per cent lower. BSE Metal Index was up 2.09 per cent and BSE Oil&gas Index moved 0.86 per cent higher.
SBI (-4.28 per cent), Hero Honda (-3.35 per cent), Reliance Communications (-2.87 per cent), ICICI Bank (-2.86 per cent) and ITC (-1.34 per cent) were the top Nifty losers.
Hero Honda tripped on reports that Honda had agreed to exit its stake in the joint venture. Institutional investors are likely to oppose the sale of shares by Japanese auto maker Honda at a discount to the current market price.
Bombay Stock Exchange's Sensex ended at 19957.78, down 9.15 points or 0.05 per cent. The index touched intraday high of 20217.86 and low of 19949.70.
National Stock Exchange's Nifty closed at 5,985.90, down 6.90 points or 0.12 per cent. The index touched a high of 6069.45 and low of 5982.40 in today's trade.
BSE Midcap Index was down 0.42 per cent and BSE Smallcap Index slipped 0.92 per cent.
Amongst sectoral indices, BSE Bankex fell 2.58 per cent, BSE Realty Index declined 0.46 per cent and BSE FMCG Index edged 0.35 per cent lower. BSE Metal Index was up 2.09 per cent and BSE Oil&gas Index moved 0.86 per cent higher.
SBI (-4.28 per cent), Hero Honda (-3.35 per cent), Reliance Communications (-2.87 per cent), ICICI Bank (-2.86 per cent) and ITC (-1.34 per cent) were the top Nifty losers.
Hero Honda tripped on reports that Honda had agreed to exit its stake in the joint venture. Institutional investors are likely to oppose the sale of shares by Japanese auto maker Honda at a discount to the current market price.