Tuesday close: Sensex ends flat in choppy deals
The 30-share settles the day at 18,663.16, a marginal gain of 2.84 points over its previous close.Updated: Feb 05, 2008 16:41 IST
The Bombay Stock Exchange benchmark Sensex on Tuesday ended flat as some heavyweight metal, realty and refinery stocks, which posted fresh gains, nullified the loses in bank, auto, IT, and FMCG shares.
The 30-share settled the day at 18,663.16, a marginal gain of 2.84 points over its previous close. During the day, the index moved between 18,729.83 and 18,509.54 points, reflecting high volatility in trading.
Similarly, the second wide-based National Stock Exchange index Nifty rose by 20.40 poins at 5,483.90, after touching the day's high of 5,500.60 and a low of 5,412.95.
While shares of metal, realty, PSU, oil and gas, capital goods and power remained in better demand, bank, auto, IT, and fast moving consumer goods shares ended lower.
Marketmen said stocks of software companies ended lower on concerns business from their US clients could slow if the largest economy in the world falls into a recession.
Refinery stocks such as Reliance Industries and Indian Oil Corp traded higher on reports the government might raise prices of gasoline and diesel.