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Sensex, Nifty End Flat on Weak Global Cues


The Sensex and the Nifty ended the day higher despite weak global cues led by losses in metal and auto stocks. Leading the set of losers were stocks like Sesa Sterlite, Mahindra and Mahindra, HDFC Bank and HDFC.


The Sensex ended the day higher by 34 points, while the Nifty closed the day higher by 19 points. Leading the set of gainers from the Nifty were Cipla and ITC. Shares in State Bank of India rallied after the company split its shares to Re 1 face value.

 Sensex, Nifty End Flat on Weak Global Cues
IT stocks on the other hand gained ground after the rupee hit a fresh nine month low against the US dollar. Infosys, TCS and Wipro were among the gainers in trade.

Mid cap stocks also had a good day in trade with stocks like Power Finance, L&T Finance and Godrej Industries among the losers.

PSU Banking stocks were the biggest losers in trade with Bank of India, Union Bank of India, Syndicate Bank and Canara Bank seeing some huge cuts. Other stocks that lost ground were NMDC and Sesa Sterlite.

Meanwhile, markets across Europe were trading with losses, while most of Asia ended the day flat, even as the US Fed Minutes of Meeting did not reveal much.

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