Thursday 28 May 2015

Sensex, Nifty end flat ahead of F&O expiry; BHEL gains 4%

Equity trading tips : Sensex, Nifty end flat ahead of F&O expiry; BHEL gains 4%

Tech Mah sinks 14%

Excl: IndiGo to file for $400mn IPO by July, may offer 25%

Wockhardt rises 11%; USFDA completes Waluj inspection

Jindal Steel Q4 profit may tank 98% to Rs 10 cr: Poll

Economy to grow 7.6-7.8%; less monsoon risk exists: ICRA

The Indian markets closed the on a mixed note after trading in the red zone through the day, with 30-stock benchmark Sensex ending at 27,564.66; up 33.25 points.

The broader 50-share Nifty ended the day at 8,334.60; down 4.75 points.

17 stocks on the Sensex ended the day in green. Sectorally, auto was the top loser, skidding over 2%. Bhel was the top gainer on Sensex, up over 4%. Tata MotorsBSE -5.12 % was the top loser, down 5%.

The slight bout of pessimism prevailing on Dalal Street prevailing for some time now that saw Indian benchmark indices trade in red today for over 95% of the trading session was stoked by this statement: "Markets should not be greatly surprised by either the timing or the pace of normalization (referring to interest rate hikes)", coming from Federal Reserve Vice-Chairman Stanley Fisher last evening.

This statement was read as the reason behind the overnight slump on Wall Street, which saw tech-heavy Nasdaq slip 57 points to 5,032.75 and 30-stock Dow index losing 190 points to 18,041.54.
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