A flat day of trade amid Airtel’s results and lower forecasts of India’s GDP. The Nifty ended flat in trade on no particular market moving event. Global cues also did not help much in today’s trading session.
The Sensex closed 1.22 points lower at 17600.56 in trade after touching a high of 5377.60 and a low of 5331.90 today. the Nifty closed 1.30 points higher at 5338 with highs of 5377.60 and lows of 5331.90. Nothing much happened today apart from lower numbers by Bharti Airtel. Its disappointing results saw the co.’s stock decline 6 percent in trade and is now being replaced by ICICI bank in the top 10 firms by market cap.
On the sectoral indices on the BSE, the Midcap Index was down 0.18 percent and the BSE Smallcap Index also declined 0.40 percent. The Realty Index was down 2 percent, the Captial Goods Index saw a decline of 0.65 percent lower and the Bankex ended 0.57 percent lower. The Auto Index gained 1.13 percent and the Metal Index rose 0.78 percent.
Veritas downgraded Indiabulls Finance. Mahindra & Mahindra saw its shares rise 4 percent on better than expected results. Hindalco rose in trade by 2 percent.
On the currency front, the Rupee hovered at 55.18 to the Dollar.
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(Economic Times, Moneycontrol ,Business Standard)