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Closing: Sensex ends flat after choppy session

Closing: Sensex ends flat after choppy session
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First Published: Fri, Dec 19 2008. 05 40 PM IST
Updated: Fri, Dec 19 2008. 05 40 PM IST
Mumbai: The Bombay Stock Exchange Sensex ended changing little after a day of volatile trading on Friday, 19 December ahead of the weekend.
Sensex had a weak opening but rebounced around noon to end 0.23% higher still retaining the 10,000 mark. The 30-share BSE index closed 23.48 points up at 10,099.91.
The broad based 50-share NSE index Nifty closed up 16.75 points at 3,077.50.
Morning sentiment reflected weak cues from global markets as Dow Jones ended negative and Asia stocks slipped on lowering oil demand.
By afternoon investor expectations of more rate cuts by the government in a possible second stimulus package next week boosted the market, with realty and capital goods shares leading.
Buying activity lifted DLF Ltd by 10.80% to Rs307.35, followed by Jaiprakash Associates (6%, Rs89.20), Mahindra and Mahindra (4.23%, Rs321.20) and Sterlite Infrastructure (3.62%, 280.70).
Despite rate cuts by Bank of Japan to 0.1%, Nikkei failed to pick up closing 0.91% down and Hong Kong’s Hang Seng lower by 2%.
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First Published: Fri, Dec 19 2008. 05 40 PM IST
More Topics: Sensex | NSE | BSE | Stocks | Trade |