Sensex, Nifty end flat; NTPC drops 2% ahead of OFS
06 Feb 2013
Key equities benchmarks continued to reel in trade today, ending Wednesday's session on a flat note. The BSE Sensex closed down 31.87 points at 19627.95, after touching an intraday high of 19,767.25. The Nifty managed scrape past the finishing line in the green, ending the listless session up 2.30 points at 5959.20.
Active participants refrained from long positions in the absence of fresh triggers, with HDFC gaining after cutting its prime lending rate, while NTPC slipped ahead of a share sale.
Shares of NTPC were down 2.4 percent ahead of the PSU's offer for sale (OFS). The government will sell 783 million shares in NTPC, thus bringing down its stake to 75 per cent, to raise close to USD 2.1 billion at a floor price of Rs 145 per share, said CLSA in a report.
Sensex gives up gains; IRB Infra up 4% on strong Q3 numbers
Indian equity markets cooled off from morning highs. At 13.32 hrs, the Sensex fell 14 points at 19,645 and the Nifty slipped closer to 5,960.
About 1454 shares have advanced, 1213 shares declined, and 827 shares remain unchanged. Meanwhile, key European indices, DAX (Germany) and CAC (France) opened in red and FTSE is trading flat.
