Domestic share indices ended flat after a choppy session on Monday , November 19, 2012 as investors booked profits on every gain due to caution amid US fiscal cliff talks. Lack of any immediate domestic triggers kept trade in a narrow band of 43.5 points on the Nifty. The index ended down 0.05% at 5571.40 while the Sensex closed 0.2% higher at 18339.00
Consumer goods and automobile stocks gained,
with their respective BSE indices rising 0.9% and 1.0%. Defensive buying led ITC to end up 2.6% at 281.70 rupees. Maruti Suzuki India hit a 52-week high of 1,506.70 rupees before ending up 3.9% at 1,494.25 rupees. Bharti Airtel ended 2.7% higher at 309.50 rupees as Credit Suisse and several other foreign brokerages upgraded the stock.Tata Power Co, Lupin, and IDFC were the laggards on the Nifty and ended down 2-3%.
Shares of automakers remained an exception to the broad market trend today as they outperformed the market on the back of expectation of strong Diwali festival sales in November.
Profit booking weighed on banks, metal, capital goods counters, and also on several stocks in the mid-cap space
Further the market breadth was negatively placed as three stocks were seen advancing against five declining stocks.
Shares of automakers remained an exception to the broad market trend today as they outperformed the market on the back of expectation of strong Diwali festival sales in November.
Profit booking weighed on banks, metal, capital goods counters, and also on several stocks in the mid-cap space
Further the market breadth was negatively placed as three stocks were seen advancing against five declining stocks.
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