Sensex closes flat, FMCG, PSU stocks up | SupportBiz
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Sensex closes flat, FMCG, PSU stocks up

 
A benchmark index of Indian equities markets closed flat Thursday while keeping to the 18,000-mark level reached a day before.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,023.95 points, closed at 18,021.16 points, 21.13 points or 0.12 percent up from its previous day's close at 18,000.03 points.

The Sensex touched a high of 18,062.68 and a low of 17,976.28 points in intra-day trade.

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange closed 0.08 percent up at 5,435.35.

World markets were cautious Thursday eyeing the US Federal Reserve's monetary policy meeting. Investors are eager to know if Fed Chief Ben Bernanke will launch another round of quantitative easing following weak economic data.

"Market is flat today waiting for FED results. Also Reserve Bank of India meet on 17th could be the real driver of the market. Chances are very bright that we may see profit booking," Kishor P. Ostwal, chairman and managing director, CNI Research.

On the sectoral front, the BSE FMCG index was up 31.16 points while PSU index was up 38.58 points and oil and gas index was up 36.92 points.

Top Sensex gainers were Hero MotoCorp, up 1.87 percent at Rs.1,819.10; BHEL, up 1.57 percent at Rs.200.75; Hindustan Unilever, up 1.18 percent at Rs.546.60; ONGC, up 1.16 percent at Rs.283.05; and Bajaj Auto, up 1.15 percent at Rs.1,711.50.

The main losers included Bharti Airtel, down 2.85 percent at Rs.253.65; Cipla, down 2.44 percent at Rs.369.55; Tata Motors, down 1.41 percent at Rs.259.10; Jindal Steel, down 1.27 percent at Rs.342.05; and Mahindra and Mahindra down 0.95 percent at Rs.754.90.

Other Asian markets closed mixed. Japan's Nikkei closed 0.39 percent up, while Shanghai's composite index closed 0.76 percent down. Hong Kong's Hang Seng closed 0.14 percent lower.

At closing bell here, European markets were trading lower. France's CAC was down 0.69 percent and so was Germany's DAX, down 0.34 percent. Britain's FTSE 100 was trading 0.03 percent lower.