Nifty ends with marginal gains; realty, auto shine
13 May 2010
The benchmark Sensex closed with minimal gains after a choppy session. European debt worries sparked off the rally earlier this week but it seems that the rally is taking a breather and consolidating around 5150-5200 levels. The markets across the globe were also consolidating indicating lack of cues for further direction.
The food price index saw a rise of 16.44% in the year to May 1, while the fuel price index grew 12.33% from 12.69% on week-on-week (Wow) basis.
Realty and auto stocks saw significant buying. Pharma, capital goods and IT stocks attracted some buying. Midcap and smallcap stocks also attracted good buying.
New listing NItesh Estates listed flat on the bourses today. The stock ended the day at Rs 50.95, down Rs 3.05, or 5.65% versus its issue price of Rs 54.
The Sensex shut shop at 70.06 points or 0.41% at 17265.87, and the Nifty up 22.25 points or 0.43% at 5178.90. About 1770 shares advanced, 1206 shares declined, and 305 shares were unchanged.
European markets were trading flat. Asian markets ended with good gains of 1-2% barring Straits Times. Dow Jones Futures was down 12 points at 10864.