Mumbai, July 2 (Inditop.com) A key index of the Indian equities markets closed flat Thursday, rising only 13 points from its last closing figure, ignoring the reformist tone of the Economic Survey for 2008-09.
The benchmark 30-scrip composite index of the Bombay Stock Exchange (BSE), Sensex, which opened at 14,694.31 points, closed 13.02 points or 0.09 percent up at 14,658.49 points.
Similarly, the Nifty of the National Stock Exchange (NSE) shut shop 0.03 percent lower at 4,339.40 points.
The benchmark indices were trading volatile but in a tight range of about 300 points and plummeted after investors realised the recommendations of the Economic Survey were too ambitious to be implemented.
Broader market indices closed did a little better, with the BSE midcap index rising 0.33 percent, and the BSE smallcap index up 0.74 percent.
Of the 13 sectoral indices on the BSE, those for capital goods, auto and telecom scrips ended in the red, while those for metal, PSU and realty stocks gained the most.
The market breadth was positive with about 1,459 stocks advancing, 1,141 declining, and 92 remaining unchanged.
Gainers among the 30 scrip Sensex included ONGC, up 7.02 percent at Rs.1,126.45; Tata Steel, up 6.37 percent at Rs.420.15; Grasim, up 4.2 percent at Rs.2,401.75; and Sterlite, up 3.75 percent at Rs.634.10.
Among the losers were BHEL, down 3.03 percent at Rs.2,149.90; Reliance Industries, down 2.29 percent at Rs.2,010.15; Bharti Airtel, down 2.27 percent at Rs.804.10; and Reliance Communications, down 1.83 percent at Rs.293.10.
The total traded turnover stood at Rs.76,627.54 crore, with Rs.17,734.81 crore coming from the NSE cash segment, Rs.52,918.55 crore from the NSE futures and options segment and the balance Rs.5,974.18 crore coming from the BSE cash segment.
Data with the market watchdog, Securities and Exchange Board of India (SEBI), showed that foreign funds were net buyers, lapping up shares worth $34 million Thursday.
Other Asian markets ended mixed, with the Nikkei 225 Stock Average, a key index of the Tokyo stock exchange, closing 0.64 percent down to end Thursday’s trade at 9,876.15 points.
The Hang Seng, a primary index of the Hong Kong stock exchange, also closed in the red, down 1.09 percent at 18,378.73 points. The Shanghai Composite index was up 1.73 percent, while the Taiwan weighted ended 1.35 percent up.
At the time of closing of Indian equities, European markets were down with both the French index CAC 40 and its German peer DAX ruling 1.3 down. FTSE 100, a key British index was down 0.55 percent.
The US index futures were trading at a marginal loss.
