Markets end flat in lacklustre trade

Commentary

oi-Sneha

By Sneha B K

Published: Monday, December 10, 2012, 15:47 [IST]

Indian equity markets ended the day flat while trading in a narrow band for the entire day. The Sensex closed the day at 19,409 points, lower by 14 points, while the Nifty ended the day higher by 1.02 points, at 5909 points.

Top gainers in today's trade were Bank of Baroda, HDFC, Dr Reddy's Lab and Reliance Infra.

Among BSE sectors, consumer durables index was lower by 7.76%. The TECk was down by 0.87%, followed by Oil & Gas lower by 0.82% and IT stocks lower by 0.81%.

While the realty index was up by 1.07%, healthcare index was higher by 0.74% and fast moving consumer goods (FMCG) index increased by 0.26%.

Shares of the Cairn India dropped 1.98% after Goldman Sachs downgraded the stock to neutral with a target of Rs 380.

Among the shares that lost ground today were TCS, Cairn India, NTPC and IDFC.

Markets in Europe were seen trading lower after Prime Minister Mario Monti said he will resign.

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