Small gains in choppy trade

Small gains in choppy trade
Highlights

Indian stock markets registered marginal gains and ended in the green for the fifth consecutive day after moving up and down in the early trade as investors got on with their buying activity amid foreign fund inflows.

Sensex up by 13 points as investors take cautious line

Mumbai : Indian stock markets registered marginal gains and ended in the green for the fifth consecutive day after moving up and down in the early trade as investors got on with their buying activity amid foreign fund inflows.

The gains followed its best weekly performance in over four years on Friday. Investors took a cautious line as they looked forward to the outcome of meetings of central banks. The benchmark BSE Sensex after opening a tad higher moved up on the back of widespread gains in blue-chip stocks.

But profit-booking pulled it down as the 30-share barometer settled at 24,659.23, a marginal gain of 12.75 points, or 0.05 per cent. In contrast, the NSE Nifty-50, which retook the crucial 7,500-mark at the outset, gave up the day's gains as profit-booking weighed. Finally, it closed at 7,485.30 as against its previous closing of 7,485.35.

Last week, the Sensex zoomed 1,492.18 points, or 6.44 per cent, and Nifty went up 455.60 points, or 6.48 per cent, their biggest weekly gain in more than four years. The gauge had gained 1,644.48 points in the previous four sessions on expectations of a rate cut by RBI and positive global cues after the government kept its deficit target for the next fiscal at 3.5 per cent in the Budget 2016.

Major gainers on Sensex were GAIL 2.49 per cent, RIL 2,05 per cent, Lupin 2.05 per cent, ITC 1.66 per cent, HDFC 1.56 per cent, Tata Steel 1.21 per cent, Adani Ports 1 per cent and NTPC 0.99 per cent. In the 30-share Sensex universe, 16 added to gains while 14 led by Maruti Suzuki, SBI, Hindustan Unilever, ICICI Bank, Dr Reddy's, L&T and HDFC Bank finished lower, falling by up to 2.90 per cent.

The BSE metal index rose the most by climbing 1.70 per cent, followed by oil and gas 1.50 per cent, realty 0.90 per cent, consumer durables 0.58 per cent, FMCG 0.39 per cent and healthcare 0.20 per cent. The market breadth turned negative as 1,329 shares ended lower, 1,318 closed higher while 144 ruled steady.

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