Nifty ends flat post RBI meet

The market ended with marginal gains after the roller-coaster momentum post the RBI meet as buying in key counters of FMCG, energy and pharma led the benchmark to close 5.90 points up at the National Stock Exchange (NSE).
RBI Governor Raghuram Rajan in the bi-monthly policy meet today kept the key rates unchanged for the fourth consecutive time, specifying risks of inflationary pressure amid difficult external geo-political situation.
The announcement led the indices to vault 8,030.90 points before turning volatile to sluggish trade during final hours.
Stocks of rate-sensitive sectors like banking, auto, metal, infra and realty saw selling, while shares of mid-cap traded positive and small-cap companies ended with losses.

Asian stocks traded lower amid tension in Hong Kong and lower-than-expected Chinese manufacturing data.
The market breadth turned negative as 812 stocks declined and 713 stocks advanced, while 80 stocks were unchanged.

Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 150.10 crore, as per the provisional data of stock exchange.
The broad-based 50-issue CNX Nifty traded widely between a high of 8,030.90 and 7,923.85 before finishing at 7,964.80, showing marginal gain of 5.90 points, or 0.07 per cent.
Major gainers from Nifty pack were ZEEL (3.54 per cent), BPCL (2.84 per cent), Sun Pharma (2.57 per cent), HDFC (2.34 per cent) and Bajaj Auto (2.02 per cent).

Notable losers were DLF (4.71 per cent), BHEL (3.51 per cent), Power Grid (3.08 per cent), ACC (2.71 per cent) and Jindal Steel (2.54 per cent).
Turnover in the cash segment climbed to Rs 17,034.12 crore from Rs 13,266.19 crore yesterday.
A total of 8,786.07 lakh shares changed hands in 70,83,229 trades, while market capitalisation stood at Rs 91,72,838 crore.