MUMBAI (Commodityonline): Indian bourses opened flat amid mixed global cues. Indices extended gain in opening session led by Auto and Capital Goods stocks on the other hand Realty and FMCG stocks witnessed selling pressure.
Indices remained positive but lackluster till the afternoon session. WPI primary article inflation for week ended Dec. 27 came in at 0.1% against 2.7% week on week. Food article inflation came in negative 3.36% against 0.42% week on week.
Markets paired all the gain in closing session tracking weak European cues. European markets opened in green and dragged in to negative territory put pressure on local markets. Indices gave up all the gain and closed flat. However, markets breadth remained positive back of buying in Midcap and Smallcap stocks.
BSE Sensex closed at 15857.08 with the loss of 25.56 points and at NSE Nifty closed at 4749.95 with the gain of 0.30 points at the end of the day. BSE Midcap index closed at 5264.17 with the loss of 0.69 points and BSE Smallcap index closed at 5703.22 with the gain of 11.85 points.
In percentage term key gainers were Cairn India Ltd (NSE: CAIRN), Punjab National Bank Ltd (NSE: PNB) and Bajaj Auto Ltd (NSE: BAJAJ-AUTO) while key losers were DLF Ltd (NSE: DLF), GAIL (India) Ltd (NSE: GAIL) and Reliance Industries Ltd (NSE: RELIANCE).
On sectoral front major buying was seen in Auto, Capital Goods and Banking & Financial sectors while major selling was seen in Oil & Gas, Realty, Metal and IT sectors. Markets breadth on BSE remained positive were 1440 advances against 1266 declines stocks.
From the perspective of weight in Nifty key gainers were Housing Development Finance Corporation Ltd (NSE: HDFC), Larsen & Toubro Ltd (NSE: LT) and Axis Bank Ltd (NSE: AXISBANK) while key losers were Reliance Industries Ltd (NSE: RELIANCE), Infosys Ltd (NSE: INFY) and Oil & Natural Gas Corporation Ltd (NSE: ONGC).
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