Nifty Closes Flat, BHEL Up 5.3%

The Indian markets witnessed a flat closing on expiry day. The indices made some positive moves after mid-session. The Nifty closed the day nominally higher by 8 points at 5882 and Sensex ended up by 37 points at 19893. The indices ended higher by 0.15% each.

The advance-decline ratio was balanced in the closing session. On the NSE, 1639 shares closed in green, while 1687 shares ended the day in red.

Top 5 Nifty Gainers: BHEL was up by 5.31%, closing the day with the highest gains on the index. Tata Steel, Coal India, JP Associates and Sun Pharma were among the others that ended higher.

Top 5 Nifty Losers: Jindal Steel was the top loser, down by 3.8%, followed by Grasim, GAIL, Ambuja Cements and PNB.

Among the sectoral indices, Health Care was the top gainer, up by 79 points. Capital Goods closed 50 points higher and Metals gained 47 points. The Mid-Cap and Small-Cap indices also ended on a positive note. On the other hand, the Oil & Gas and Consumer Durables indices closed lower by 96 points and 58 points respectively. The IT index was also down by 20 points. 

In the Asian markets, the Nikkei saw gains of 178 points. The Hang Seng market closed 84 points lower, and Shanghai Composite and KOSPI also ended in negatives.

Buzzer: Tata Steel was up by more than 3% in this volatile scenario. The stock had a good support at Rs 293 and closed around the Rs 300 mark. If the scrip opens positive in tomorrow’s trades, it may move higher to Rs 310.

Nifty Futures traded in a small range today. Tomorrow’s opening will decide its further moves.