Sensex trading flat

Nifty was trading flat amid less volatility. It was a lackluster session for the markets on account of strike by BJP. The volumes were sluggish today which clearly indicated lack of participation by investors and traders in market. The turnover might be close to Rs 50,000-60,000 crore at the end of trading session, which will be 40% less than average volume.

The Sensex was up 7.74 points or 0.04% at 17468.69, and the Nifty was up 3.30 points or 0.06% at 5240.40. About 1760 shares advanced, 1199 shares declined, and 365 shares were unchanged.

Buying was seen in pharma, banking, IT and auto stocks. Oil&gas stocks saw some selling pressure. BSE Midcap and Smallcap index were trading in green.

In the largecap space, Reliance Power, PNB, Mahindra and Mahindra, Idea Cellular and GAIL were up 1-1.5%. On the losing side, Reliance Communications, NTPC, Power Grid, BHEL and Hindalco were down 1-1.5%.

Index heavyweight Reliance was trading at Rs 1,066.00 down 0.23% from its previous close of Rs 1,068.45. Tech major Infosys was trading at Rs 2,738.95 up 0.36% from its previous close of Rs 2,729.00. Refinery major HPCL was trading at Rs 469.20 down 1.31% from its previous close of Rs 475.45.

Hindustan Lever was trading at Rs 265.70 down 1.3% from its previous close of Rs 269.20. Cigarette major ITC was trading at Rs 302.55 down 0.03% from its previous close of Rs 302.65.

Top gainers on the BSE Midcap: Trent, IBN18 Broadcast, RCF, Ashok Leyland and United Breweries were up 5-8%.

Top losers on the BSE Midcap: Gee Kay Finance, Andrew Yule, Monnet Ispat, Amtek Auto and MVL were down 2-5%.

Top gainers on the BSE Smallcap: AP Paper Mills, eClerx Services, Jindal Cotex, Empire Industries and Heritage Foods were up 6-11%.

Top losers on the BSE Smallcap: Rollatainers, Sahara One, Atco Corp, Thiru Arooran and Gujarat Natural were down 4-5%.

Regards,
Free Indian Stock Tips team