Markets end flat; await RBI policy

Updated: Monday, January 28, 2013, 16:49 [IST]

Markets ended the day flat in listless trading and ahead of the RBI's monetary policy slated for Tuesday. The markets were range bound in the absence of any major triggers with the Sensex ending the day flat, lower by 0.18 points, while the Nifty closed higher by 0.15 points.

Among the gainers in trade today were Axis Bank, HCL Technologies, Hindalco, HeroMotor Corp and DLF.

Banking stocks ended the day steady ahead of the RBI's monetary policy. ICICI Bank, HDFC Bank, Indian Overseas Bank and Syndicate Bank were among the winners.

Bank of India which reported a decent set of Q3 numbers ended the day flat after rallying as much as 3 per cent before its results.

Auto stocks were among the best performers in trade today on hopes that a rate cut would spur demand for vehicles. Among the auto stocks that gainers were Maruti Suzuki, TVS Motors, Mahindra and Mahindra and Escorts.

Realty stocks also gained on hopes of a rate cut with Anant Raj, HDIL, Sobha Developer and Unitech gaining ground.

Shares of Reliance Infra dropped after the company's results did not meet market expectations. Nifty stocks that lost ground in trade today were Jaiprakash Associates, Hindustan Unilever, Ultratech Cement, HDFC, Bank of Baroda, Sun Pharma and Reliance

Jet Airways ended the day flat despite reports that Etihad senior executives were finalising a deal with the company.

Shares of Transformers and Rectifiers jumped after the company reported a net profit for Q3, as against a loss in the corresponding period of last year.

Omax Autos declined by 2 per cent after its profit failed to meet investor expectations. Meanwhile, markets in Europe were trading mixed with the German DAX marginally lower, while the French CAC and the UK's FTSE were marginally higher in trade.

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