Sensex ends 74 points higher

Our Bureau Mumbai | Updated on April 02, 2012

Domestic stock markets closed on a flat note with both the Indian benchmark indices ending in the green on Monday.

The Nifty was up 23 points or 0.42 per cent at 5,318, while the Sensex rose 74 points or 0.42 per cent to 17,479.

Consumer durables, power, capital goods, realty and infrastructure stocks rallied, while metal, pharma, healthcare and energy stocks took a beating.

“Market reaction was swayed by the PMI manufacturing data that was released today. Since the data showed slower growth in March compared to February, markets slipped into negative after a positive start. However, there was some optimism due to the Finance Minister’s clarification on no tax on P-notes,” said Ms Shanu Goel, Senior Research Analyst, Bonanza Portfolio.

“China’s manufacturing data also showed lower than expected results dampening the market sentiment which closed flat overall. Rate-sensitive sectors did well today on account of bargain buying and on the sentiment that maybe RBI would go ahead with a rate cut announcement owing to poor PMI manufacturing data,” she added.

Volatility was down, with the India Vix closing down almost 6.70 per cent at 20.88.

JP Associates, Reliance Infrastructure, Reliance Power, HCL and NTPC were the top Nifty gainers while Ranbaxy, BPCL, Bajaj Auto, Sterlite and Dr Reddy were the top losers.

Published on April 02, 2012

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