Nifty Ends Flat, Realty Rises

The Indian markets started on a positive note thereafter, the market traded in a thin range. The Nifty closed flat at 6074 and Sensex closed down by 10 points at 20,093.

The advance-decline ratio ended on the positive side by the end of the day. On the NSE, 767 shares advanced and 657 shares declined.

Top 5 NSE Gainers: DLF ended up by 2.68% as the top gainer on the NSE, followed by Tata Motors, HCL Technologies, Axis Bank and Hero MotoCorp.

Top 5 NSE Losers: Jaiprakash Associates ended the day lower by 2.19%. Reliance Infrastructure, ONGC, Reliance Industries and UltraTech Cement were also in the negatives.

Most of the sectors ended the day’s trades in the green. Realty and Auto were top gainers, up between 1.03%-1.90%. Oil & Gas and CD finished lower by 0.93%-1.30%.

The peer Asian markets closed mixed. Shanghai Composite closed up by 2.35%, followed by Taiwan Weighted and Hang Seng also in gains. Nikkei 225 and KOSPI remained in the red till the end of trades.

The European markets are trading flat with a negative bias. DAX is down by 0.09%, CAC 40 is lower by 0.08% and FTSE 100 is down by 0.05%.

Buzzers: Adani Power closed down by 4.69% at Rs 60.90 after the company reported a consolidated net loss of Rs 619 crore for Q3FY13 mainly due to higher imported coal prices and non-availability of transmission lines.

Adani Ports & Special Economic Zone gained 4.95% on the back of heavy volumes in today’s trade after the company’s net profit rose by 12.5% a year-on-year basis to Rs 361 crore in the Dec 2012 quarter.

Nifty saw a lacklustre trading session. Going ahead, the index needs to sustain above the 6095 level for a fresh breakout.