Nifty Ends Flat As Global Cues Remain Weak

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Benchmark indices ended the day flat in trade as global cues remained weak in Asia and across Europe. Weak closings in the US on Friday pushed most markets closer at the start of the new week.

The Sensex ended the day with losses of 25 points, while the Nifty fell 4.80 points in trade.

Nifty Ends Flat As Global Cues Remain Weak
Leading the set of losers were heavyweight stocks like Reliance Industries, ITC and HDFC. Defensive stocks like pharma and FMCG also saw some selling pressure with Hindustan Unilever, Cipla and Dr Reddy's seeing losses in trade.

Shares in Prabhat Dairy got listed on the bourses above its offer price. The shares ended the day with gains.

Nifty shares that gained ground in trade were Hindalco, Tata Power, Axis Bank, Maruti and HDFC Bank. L&T Finance Holdings fell in trade despite reports that the company would get Rs 708 cr from Bain Capital.

Dish TV saw solid gains after reports that the Government was looking at 100 percent FDI in DTH, cable TV.

Midcap stocks saw good buying interest with CESC among the gainers rallying as much as 4 per cent. The index ended the day with gains.

Crisil on the other hand lost a huge 4 per cent in trade.

Meanwhile, markets across Asia ended the day with losses with the Singapore Strait Times and the Seoul Composite among the big losers in trade.

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