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Close: Markets end flat after a seesaw session

Close: Markets end flat after a seesaw session
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First Published: Mon, Jan 19 2009. 04 13 PM IST
Updated: Mon, Jan 19 2009. 04 13 PM IST
New Delhi: The Bombay Stock Exchange benchmark Sensex traded volatile on Monday, swinging from positive to negative zone throughout the day to finally end flat, merely 0.06% higher. Investors seemed wary of dismal quarterly earnings by companies.
Markets opened the day’s trade marginally higher on firm Asian markets but within 15 minutes slipped to negative.
The 30-share Sensex ended 5.98 points up at 9,329.57 and broad based 50-share NSE Nifty index ended 17.75 points up at 2846.20.
Realty sector rallied the most, surging by 2.17%, other segments that pushed the index were metal, oil and gas and capital goods segments.
Shares of Jai Prakash Associates gained by 4.69% to top the BSE index at Rs69.20, boosted by 6% rise in net profit for the third quarter. The profit of the company rose to Rs165.51 crore from Rs156 crore in the same quarter previous year.
Sterlite Industries followed close at Rs270.65, a rise of 4.02%, along with ONGC by 3.45% to Rs670.50, Bharti Aietl by 2.23% to Rs646.95 and Tata Steel by 1.98% to Rs208.20.
Meanwhile, riding on hopes of fresh economic stimulus under the new Obama administration in US, Asian markets rallied with Japan’s index, Nikkei ending 0.3% up and Hong Kong’s Hang Seng 0.6% higher.
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First Published: Mon, Jan 19 2009. 04 13 PM IST
More Topics: Stocks | Markets | BSE | NSE | Sensex |