Markets

Sensex ends flat; realty, TECk stocks major gainers

Rajalakshmi S | | Updated on: May 20, 2014

The S&P BSE benchmark Sensex ended the session flat on Tuesday due to profit-booking by funds and retail investors amid weak European cues.

After surging 224.11 points or 0.91 per cent to 24,587,16 in early trade, the Sensex ended at 24,376.88, up 13.83 points or 0.06 per cent.

Similarly, the 50-share NSE Nifty after gaining 90.10 points or 1.24 per cent to 7,353.65 in the opening trade, ended at 7,275.50, up 11.95 points or 0.16 per cent.

Among BSE sectoral indices, realty, TECk, consumer durables and IT gained the most by 4.89 per cent, 2.37 per cent, 2.4 per cent and 2.11 per cent, respectively. On the other hand, oil & gas and banking indices lost investors' support and were down 3.26 per cent and 0.77 per cent, respectively.

SSLT, BHEL, M&M, Tata Steel and Infosys were the top five Sensex gainers, while the top five losers were Coal India, ONGC, RIL, Hero MotoCorp and GAIL.

Brokers said that the market turned volatile and participants preferred to book profits at every rise and the buying pace also slowed down to some extent.

They said a lower opening in the European markets also influenced the trading sentiment.

Globally, investors continued to monitor the developments in Thailand, following news the army had declared martial law after six months of anti-government protests.

All eyes will be on central bank action as the Bank of Japan will kick off its two-day policy meeting later in the day and the the Reserve Bank of Australia is due to release the minutes from its latest meeting. Globally, US markets closed flat as investors remained cautious amid recent mixed economic reports.

Published on November 24, 2017

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