The Sensex ended at 17,399, down 31 points or 0.2% from the previous close. It had earlier touched a day’s high of 17,486 and a day’s low of 17,363. It opened at 17, 438
The Indian equity indices ended on a flat note with a slightly negative bias at the end of a choppy session, as investors digested monthly auto sales numbers, merchandise trade data and manufacturing PMI report. Investors were also influenced by global data points in the wake of Friday's stellar global rally that was sparked by announcement of measures to quell the euro zone debt crisis
After opening on a flat note, the Indian indices initially slipped in to red. However, the BSE Sensex and the NSE Nifty managed to rise marginally in the afternoon trade on the back of a rally in the European stocks. Markets across Europe gained after the debt-plagued region's manufacturing PMI data came in ahead of consensus estimate. However, stock indices in Spain and Italy reversed early gains to turn flat.
The Sensex ended at 17,399, down 31 points or 0.2% from the previous close. It had earlier touched a day’s high of 17,486 and a day’s low of 17,363. It opened at 17, 438.
The NSE Nifty settled at 5279, unchanged from Friday's close. It touched a day’s low of 5,263 and day’s high of 5,302.
ITC, Jindal Steel, Hero Motocorp, Tata Motors, Hindustan Unilever, TCS, Bajaj Auto, Power Grid and Cipla were the notable losers on the Sensex and the Nifty today.
ACC, DLF, Grasim, HDFC Bank, Bharti Airtel, JP Associates, Cairn and Sterlite Industries were among the gainers on the Nifty.
Nifty looks bullish in near term to touch the Resistance level of 5325 & 5384. Support at 5295 & 5240.
