Post Session- Sensex ends flat on profit booking; Fed eyed Analysis for Jan 28, 2015

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Snapping an eight-session winning run, the Sensex closed marginally in the red today as investors booked profits after the key domestic benchmarks surged to record highs in recent sessions amid optimism over Asia"s third biggest economy. Further, investors adopted a cautious approach ahead of the US Federal Reserve"s verdict today where it is likely to stick to its ultra-accommodative monetary policy stance and refrain from raising borrowing costs, a move which may continue to bolster foreign fund inflows into India. The FOMC is tipped to re-affirm its commitment to be “patient" over monetary tightening.

The BSE SENSEX closed at 29,559.18, down by 11.86 points or by 0.04 per cent and the NSE Nifty ended at 8,914.3, up by 3.8 points or by 0.04 per cent.

The BSE Sensex touched intraday high of 29,786.32 and intraday low of 29,417.67 The NSE Nifty touched intraday high of 8,985.05 and intraday low of 8,874.05.

Meanwhile, the BSE MIDCAP closed at 10,808.44, up by 27.97 points or by 0.26 per cent, while the BSE SMLCAP closed at 11,369.11, down by 55.37 points or by 0.48 per cent.

On the Sectoral front, Capital Goods and Metals shed 1.45 per cent and 1.43 per cent, respectively.

The Market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded 3116, shares advanced were 1205 while 1794 shares declined and 117 were unchanged.

The top losers of the BSE Sensex pack were Bharti Airtel Ltd. (Rs. 373.75,-4.99%), Sesa Sterlite Ltd. (Rs. 200.80,-2.90%), Tata Motors Ltd. (Rs. 589.15,-2.64%), Larsen & Toubro Ltd. (Rs. 1697.65,-2.51%), Tata Steel Ltd. (Rs. 390.90,-1.80%), among others.

Story first published: Wednesday, January 28, 2015, 17:24 [IST]
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