 "Market closes flat on special trading day")
It was a lacklustre session marked by low volumes on the bourses and feeble movement on the benchmark indices during the day.
Key benchmark indices moved in a narrow range during the day,BSE Sensex moved in a 40 points range during the day before closing flat. It touched a high of 21,778.92 and a low of 21,725.52 during the day.
The 30-share BSE Sensex trudged marginally closing almost 2 points higher at 21,755 levels and the 50-unit Nifty remained flat too with 2 point uptick to close at at 6495 levels.
Cipla, Sun Pharma, ONGC Bharti Airtel and Mahindra & Mahindra managed to eke out marginal gains, albeit higher than remaining Sensex heavyweights while Hindalco, BHEL, Tata Power were major losers.
Among stocks that made headlines, Federal Bank surged 6% to Rs 91.15 on the BSE after the Reserve Bank of India (RBI) said that foreign investors will be allowed to purchase up to 74% stake in the private bank.
While Cox and Kings rallied over 3% to Rs 162.30, after touching its highest level since April 2012 on the BSE, on back of heavy volumes.
Market breath was positive with as 1339 shares advanced while 889 declined on the BSE.
Key benchmark indices moved in a narrow range during the day,BSE Sensex moved in a 40 points range during the day before closing flat. It touched a high of 21,778.92 and a low of 21,725.52 during the day.
The 30-share BSE Sensex trudged marginally closing almost 2 points higher at 21,755 levels and the 50-unit Nifty remained flat too with 2 point uptick to close at at 6495 levels.
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Broader markets however outperformed the benchmarks as BSE mid-cap and small-cap indices ended 0.3-0.6% higher as compared to Sensex's flat closing today.
Cipla, Sun Pharma, ONGC Bharti Airtel and Mahindra & Mahindra managed to eke out marginal gains, albeit higher than remaining Sensex heavyweights while Hindalco, BHEL, Tata Power were major losers.
Among stocks that made headlines, Federal Bank surged 6% to Rs 91.15 on the BSE after the Reserve Bank of India (RBI) said that foreign investors will be allowed to purchase up to 74% stake in the private bank.
While Cox and Kings rallied over 3% to Rs 162.30, after touching its highest level since April 2012 on the BSE, on back of heavy volumes.
Market breath was positive with as 1339 shares advanced while 889 declined on the BSE.
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