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Markets end flat on profit-booking

Markets end flat on profit-booking
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First Published: Mon, Apr 27 2009. 05 07 PM IST
Updated: Mon, Apr 27 2009. 05 07 PM IST
New Delhi: Market ended on a flat note after a volatile session on Monday as investors took calculative steps ahead of Futures & Options expiry on 29th April 2009.
The Bombay Stock Exchange benchmark Sensex opened on negative, tracking weak cues from the Asian markets. However, indices suddenly gained some ground, erasing opening losses around mid session and extending gains by 1%.
But markets were unable to hold gains and slipped as investors continued profit-booking. The 30-share BSE index ended 42.80 points up at 11,371.85 but the 50-share NSE Nifty closed in red, losing 10.75 points at 3,470.
Among sectors banking, capital goods, pharma and IT stocks witnessed some buying. However, consumer durable, realty, power, PSU, metal and technology segments experienced selling.
ICICI Bank stocks were in focus today after they reported their net profit for the year to March 31, 2009 (FY09) was down 9.6% at Rs3758.13 crore. Shares of ICICI Bank opened 3% lower but later regained to end higher by 8.20%.
But Ranbaxy Laboratories were not so lucky and closed down by around 4.61%. The company on Friday had reported a huge quarterly net loss as a US ban hit their sales and they also forecast a second straight year of losses.
ICICI Bank with rise of 8.20% to Rs467.95 was the top gainer in the BSE pack, followed by Sterlite Industries by 4.39% to Rs415.30, Wipro Ltd by 4.12% to Rs415.30, Tata Consultancy Services by 3.58% to Rs603.45, Jaiprakash Associates by 3.58% to Rs130.30, Sun Pharma by 2.87% to Rs1,229.60, Larsen & Toubro by 2.48% to Rs908.20, Bhel by 1.91% to Rs1,670.50 and ITC Ltd by 1.55% to Rs193.20.
In the losers list Ranbaxy Laboratories was on top along with Reliance Infra by 3.90% to Rs710.65, Reliance Communications by 3.75% to Rs223.55, Hindustan Unilever Ltd by 3% to Rs231, ACC Ltd by 2.98% to Rs659.05, Tata Steel by 2.87% to Rs253.45, Hindalco by 2.37% to Rs55.70, Tata Power by 2.27% to Rs864.30, State Bank of India by 1.96% to Rs1,282.15 and Tata Motors by 1.45% to Rs248.75.
Among the global markets Asian markets traded mostly lower on Swine flu fears hitting certain stocks. Japan’s index rose by 0.8% but Hong Kong’s Hang Seng closed 2.7% down.
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First Published: Mon, Apr 27 2009. 05 07 PM IST
More Topics: BSE | NSE | Stocks | Markets | Sensex |