 "Markets turn flat; Metal, IT majors gain")
After the early gains in morning deals, markets moved sideways with the Sensex up 64 points at 19,639 while the Nifty continued to hover around the 5,957 levels. The ones leading the gains were IT heavyweights and Reliance Industries.
Meanwhile, the broader markets outperformed the Sensex with both the mid and smallcap indices gaining 0.6-0.8% as compared to the BSE benchmark index, up 0.3%.
Back home, among the sectoral indices, Metal, IT, Consumer Durables and Auto indices gained 1-2% while Bankex and FMCG were in the negative, losing 0.4-0.7%.
From the FMCG space, ITC lost 1%.
Among the top gainers were metal names like Hindalco, Tata Steel, Sterlite and Jindal Steel up 2-3.5%.
TCS, Infosys and Wipro gaining 0.5-2.5% were the movers from the IT space.
All the auto names were trading higher with Tata Motors, Hero MotoCorp, Mahindra & Mahindra, Bajaj Auto and Maruti Suzuki gaining 0.3-1.6%.
The market breadth was positive. 1089 stocks gained while 763 stocks declined on the BSE.
Meanwhile, the broader markets outperformed the Sensex with both the mid and smallcap indices gaining 0.6-0.8% as compared to the BSE benchmark index, up 0.3%.
Back home, among the sectoral indices, Metal, IT, Consumer Durables and Auto indices gained 1-2% while Bankex and FMCG were in the negative, losing 0.4-0.7%.
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Bank stocks were under pressure after Cobrapost alleged that major private and PSU banks and insurance companies were involved in money laundering via virtual products. HDFC Bank, ICICI Bank, SBI and HDFC slipped 0.4-1.2%.
From the FMCG space, ITC lost 1%.
Among the top gainers were metal names like Hindalco, Tata Steel, Sterlite and Jindal Steel up 2-3.5%.
TCS, Infosys and Wipro gaining 0.5-2.5% were the movers from the IT space.
All the auto names were trading higher with Tata Motors, Hero MotoCorp, Mahindra & Mahindra, Bajaj Auto and Maruti Suzuki gaining 0.3-1.6%.
The market breadth was positive. 1089 stocks gained while 763 stocks declined on the BSE.