No major fireworks on Dalal St; Nifty ends flat
29 May 2012
It was a dull session for the markets as investors chose to remain cautious ahead of the upcoming F&O expiry and Q4 GDP data numbers on Thursday.
The Sensex shuts shop at 16438.58 up 21.74 points or 0.13% and the Nifty closed at 4990.10 up 4.45 points or 0.09%. The breadth of the market was positive. About 1425 shares advanced, 1255 shares declined, and 743 shares remain unchanged on the Bombay Stock Exchange.
IT and realty stocks hogged limelight of the day. FMCG and consumer durables stocks closed in red on profit booking.
Top gainers on the Nifty were HCL Tech, Cairn India, Wipro, Maruti Suzuki and Coal India. ACC, BPCL, ITC, IDFC and Siemens ended in red.
Q4 GDP Forecast
India's annual economic growth probably held steady in the January-March quarter at 6.1% and the global economic slowdown, government policy paralysis and a record low currency suggest little chance of a pick up in the current quarter.