Sensex, Nifty End Flat Ahead Of Inflation, IIP Data

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Key Indian stock indices ended the day lower ahead of Consumer Price Inflation and IIP data. The Sensex closed the day higher by 54 points, while the Nifty ended the day higher by 17 points.

Sensex, Nifty End Flat Ahead Of Inflation, IIP Data
Weak cues from Europe did not help sentiments. The indices fell there on account of worries over the debt crisis in Greece, after the IMF walked away from scheduled talks.

Shares in Reliance Industries saw solid buying support after investors remained optimistic folowing the adress of Chairman Mukesh Ambani at the company's annual general body meeting.

The stock ended the day more than one per cent higher. Other Nifty stocks that saw buying support were Bajaj Auto, HDFC, ICICI Bank and Cipla.

Software stocks were weak in trade after reports that the US had opened a probe against TCS and, Infosys for H1-B Visa Violations. Both the stocks ended the day lower in trade.

Nifty shares like Vedanta, Hindalco and Tata Motors remained weak. Shares in PSU banking stocks ended the day higher after chiefs of some of these banks met the Finance Minister. There are hopes that there maybe some capital infusion in these banks.

Shares in SUN TV continued to drift lower following regulatory approval worries for some of its channels.

Meanwhile, markets in Asia ended the day steady, while most of Europe was trading with losses.

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