The benchmark Sensex on Thursday ended flat in a highly volatile trade which saw the index remaining range bound notwithstanding a good start, amid worries of rising food inflation.
The benchmark index of the Bombay Stock Exchange Sensex, which had lost 28 points in previous session, recovered by 15.77 points in late trade to close the day at 17,185.68 points, after moving between 17,361.27 and 17,128.21 points.
While the positive factors like firm Asian and European markets and Goldman Sachs' forecast of a faster growth for the domestic economy kept the market in better shape during the day, a rise in food inflation capped the gains towards the last hour trade. Food inflation has touched 17.47 per cent in the third week of November.
In similar fashion, the wide-based National Stock Exchange's Nifty edged up 8.45 points to close at 5,131.70 points. It moved between 5,181.00 and 5,106.60 during the session.
Among the 30 Sensex stocks, 18 closed higher and 12 ended with losses. Major supporters to the market were the counters in the healthcare, metals, realty, oil and gas and power segments, while the auto and capital goods sectors were down on emergence of profit-selling.
A fall in heavy-weight stocks of Infosys Technologies, ICICI Bank, Tata Motors and, Reliance Infra and Jaiprakash Associates mainly pulled down the market.
PRAVESH YADAV
PGDM 1st sem
(2009-11)
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