Sensex ends flat; TCS, Bajaj Auto, Hero, GAIL gain
MUMBAI: The S&P BSE Sensex pared intraday gains and closed on a flat-to-positive note as traders booked profits after the index touched highest intraday level in nearly 2-months.
According to analysts, the market is looking exhausted and it may consolidate in the near term and wait for cues from the Reserve Bank of India's policy meet for direction.
The 30-share index ended at 20,128.41, up 4.92 points or 0.02 per cent. It touched a high of 20,256.60 and a low of 20,111.13 in trade today.
The Nifty closed at 6,022.15, down 15.90 points or 0.26 per cent. It touched a high of 6,066.85 and a low of 6,020.80 in trade today.
The S&P BSE Midcap Index was down 0.64 per cent and BSE S&P Smallcap Index declined 0.58 per cent.
Among the sectoral indices, the S&P BSE IT Index was up 2.77 per cent, the S&P BSE Auto Index was 1.47 per cent higher and the S&P BSE Oil & Gas Index was up 0.75 per cent.
The S&P BSE Realty Index was down 2.09 per cent, the S&P BSE Capital Goods Index was 2.02 per cent lower and the S&P BSE Power Index declined 1.97 per cent.
TCS (4.82 per cent), Bajaj AutoBSE 3.68 % (3.83 per cent), Hero MotoCorpBSE 2.62 % (2.73 per cent), GAIL (2.39 per cent) and Tata MotorsBSE 2.52 % (2.28 per cent) were among the major Sensex gainers.
Shares of Tata Consultancy ServicesBSE 4.92 % Ltd (TCS) were at life-time high after the India's largest software services company reported stellar results beating analysts expectations. Most brokerages have raised their EPS estimates and revised TCS's target price upwards following strong results and rupee depreciation.
Bajaj Auto gained momentum on reporting in-line profit and better margins guidance from export markets due to rupee depreciation.
BHELBSE -8.02 % (8.63 per cent), Sun Pharma (3.78 per cent), Jindal Steel (3.05 per cent), Sterlite Industries (2.87 per cent) and HDFC (2.77 per cent) were among the losers.
The market breadth was negative on the BSE with 1,038 gainers against 1,307 losers.
The foreign institutional investors sold shares worth Rs 178.29 crore while domestic institutional investors were net sellers worth Rs 239.41 crore on Thursday as per the provisional data from the National Stock Exchange.
According to analysts, the market is looking exhausted and it may consolidate in the near term and wait for cues from the Reserve Bank of India's policy meet for direction.
The 30-share index ended at 20,128.41, up 4.92 points or 0.02 per cent. It touched a high of 20,256.60 and a low of 20,111.13 in trade today.
The Nifty closed at 6,022.15, down 15.90 points or 0.26 per cent. It touched a high of 6,066.85 and a low of 6,020.80 in trade today.
The S&P BSE Midcap Index was down 0.64 per cent and BSE S&P Smallcap Index declined 0.58 per cent.
Among the sectoral indices, the S&P BSE IT Index was up 2.77 per cent, the S&P BSE Auto Index was 1.47 per cent higher and the S&P BSE Oil & Gas Index was up 0.75 per cent.
The S&P BSE Realty Index was down 2.09 per cent, the S&P BSE Capital Goods Index was 2.02 per cent lower and the S&P BSE Power Index declined 1.97 per cent.
TCS (4.82 per cent), Bajaj AutoBSE 3.68 % (3.83 per cent), Hero MotoCorpBSE 2.62 % (2.73 per cent), GAIL (2.39 per cent) and Tata MotorsBSE 2.52 % (2.28 per cent) were among the major Sensex gainers.
Shares of Tata Consultancy ServicesBSE 4.92 % Ltd (TCS) were at life-time high after the India's largest software services company reported stellar results beating analysts expectations. Most brokerages have raised their EPS estimates and revised TCS's target price upwards following strong results and rupee depreciation.
Bajaj Auto gained momentum on reporting in-line profit and better margins guidance from export markets due to rupee depreciation.
BHELBSE -8.02 % (8.63 per cent), Sun Pharma (3.78 per cent), Jindal Steel (3.05 per cent), Sterlite Industries (2.87 per cent) and HDFC (2.77 per cent) were among the losers.
The market breadth was negative on the BSE with 1,038 gainers against 1,307 losers.
The foreign institutional investors sold shares worth Rs 178.29 crore while domestic institutional investors were net sellers worth Rs 239.41 crore on Thursday as per the provisional data from the National Stock Exchange.
To know more what's happening in the market contact Niva Capital Advisory or visit www.nivaca.com. PHONE NUMBER:- +91 90360 55100/200/300
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