Equity indices close flat with marginal gains
Key Indian equity indices on Monday provisionally closed on a flat-to-positive note with healthy buying in IT and metals stocks.
Mumbai: Key Indian equity indices on Monday provisionally closed on a flat-to-positive note with healthy buying in IT and metals stocks.
According to market observers, a surge in stocks of IT major Infosys kept market sentiments buoyed. However, profit booking in banking and auto stocks capped gains.
The wider Nifty50 of the National Stock Exchange (NSE) inched up 5.95 points or 0.06 per cent to provisionally close (at 3.30 p.m.) at 10,127.75 points.
The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 32,968.02 points, closed at 32,869.72 points -- up 36.78 points or 0.11 per cent -- from Friday's close.
The Sensex touched a high of 33,008.47 points and a low of 32,785.76 during the intra-day trade so far.
The BSE market breadth was bearish -- 1,541 declines and 1,162 advances.
On Friday, the benchmark indices were dragged lower by growing concerns over the country's widening fiscal deficit, coupled with negative global cues and profit booking in auto, metal and oil and gas stocks.
The wider Nifty50 declined by 104.75 points or 1.02 per cent to close at 10,121.80 points, while the Sensex closed at 32,832.94 points -- down 316.41 points or 0.95 per cent.