Sensex, Nifty End The Day Flat; Bajaj Auto Jumps Post Results

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Benchmark indices ended the day flat after trading in a tight range for most of the day in the absence of major triggers.

Sensex, Nifty End The Day Flat; Bajaj Auto Jumps Post Results
Indices
Sensex28,405.05Sensex Quote112.24 [0.40%]
Nifty8,774Nifty Quote28.85 [0.33%]
The Sensex closed the day with a loss of 27 points, while the Nifty ended the day with a loss of 2 points. Leading the set of gainers from the Nifty was Bajaj Auto which gained ground after a superb set of results. The stock ended the day higher by 4 per cent.

Coal India, Axis Bank, Sun Pharma, Tata Motors and Larsen and Toubro were the other gainers in trade.

Metal stocks had a poor day after results from Tata Steel were a major disappointment. Tata Steel and Vedanta both dropped in trade also on account of poor data coming in from China.

Shares in Banking stocks saw some modest selling pressure after having gained ground in the previous sessions on hopes that the Reserve Bank of India would cut interest rates.

Shares in the country's largest real estate player, DLF ended the day flat after the company reported numbers that largely met expectations.

Claris Lifesciences jumped a huge 10 per cent in trade after reports that it would enter into a deal with Cadilla to sell the injectables unit.

Meanwhile, markets across Asia ended the day mixed, while most of Europe was trading with losses. The German DAX, French CAC and the UK's FTSE were down in trade.

GoodReturns.in

Read more about: sensex, nifty
Story first published: Thursday, May 21, 2015, 14:47 [IST]
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