The markets ended the day on a flat note on Friday.
The Nifty closed at 5,907, down 0.04 per cent or 2.4 points and the Sensex closed at 19,916 up 14 points or 0.07 per cent. On the BSE, realty and auto sector rallied the most by 1.65 and 0.94 per cent respectively.
Alex Mathews, Head Research, Geojit BNP Paribas Financial Services said: "The markets opened with a negative note following the weak global markets outlook. Most of the indices were down on concerns of US government shutdown. The markets recovered on buying in selected stocks but again slipped and remained sideways on the back of weak services PMI data."
The HSBC Services PMI data slipped to 44.6 in September from 47.6 in the previous month which was also its weakest level since April 2009.
"Realty and auto sector were the gainers for the day on news that government may infuse capital in PSUs lending at lower rates. The losers in the sectoral side were capital goods and power sector which closed down around 0.49 per cent," added Mathews.
Volatility was up with the India VIX index closing at 26.13, up 3.81 per cent.
Hindalco, Coal India, Lupin, BPCL, Tata Motors were the top five Nifty gainers while Dr Reddy, Powergrid, Jindal Steel, IDFC and L&T were the top losers.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.