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Wrap-up|Indian shares close flat after lackluster trade

Wrap-up|Indian shares close flat after lackluster trade
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First Published: Tue, May 10 2011. 05 13 PM IST
Updated: Tue, May 10 2011. 05 13 PM IST
New Delhi: Indian shares closed flat on Tuesday as traders booked profits and shied away from taking fresh positions. After opening with gains, the benchmark indices slipped into negative territory in the second half of the day as lack of positive triggers in the domestic markets led to lackluster trading.
Sensex: 18,512 –0.09%
Nifty: 5,541 –0.18%
Sun Pharma and interest rate sensitive stocks led the losses in the Nifty-50 shares. BPCL lost more than 1.2% after the government deferred a ministerial meeting on fuel price hikes. Shares of NTPC surged more than 4.5% after the company said its fourth-quarter net profit rose 37.8%.
Sun Pharma: Rs 431 –2.07%
Mahindra & Mahindra: Rs 697 –1.84%
Hero Honda: Rs 1,713 –1.70%
HDFC Bank: Rs 2,245 –1.47%
BPCL: Rs 646 –1.28%
NTPC: Rs 180 +4.63%
On the sectoral front, banking, capital goods and oil & gas indices led the losses on the BSE. BSE FMCG and real estate indices, on the other hand, gained over 1% each.
BSE Bankex: 12,544 –0.63%
BSE Capital Goods: 12,705 –0.38%
BSE FMCG: 3,731 +1.20%
BSE Realty: 2,113 +1.12%
Sharp gains in United Breweries and Hindustan Unilever stocks helped the BSE FMCG index closed with notable gains. Investors continued to buy shares of Hindustan Unilever after the company reported a benign 14% growth in March quarter volumes.
United Breweries: Rs 538 +7.16%
Hindustan Unilever: Rs 297 +4.46%
Tata Global Beverages: Rs 99 +2.26%
Overall, it was a muted trading day for Indian stock markets. About 48.11% of the shares traded on the BSE closed with losses.
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First Published: Tue, May 10 2011. 05 13 PM IST
More Topics: Markets Update | BSE | NSE | Sensex | Nifty |