Mumbai: The markets ended flat after trading in green for major part of the day. The weakness was seen despite encouraging cues from the US and Asia, which closed higher.
The Nifty was down nearly 150 points from the day's high and Sensex was down 550 points from the highs. Metal stocks were the worst hit with Sail, Tata Steel and Hindalco among the top losers.
Jan Industrial growth was at 5.3 per cent versus 11.6 per cent, YoY lower than market expectation; capital goods growth was at 2.1 per cent versus 16 per cent last year. This negatively impacted the markets and specifically the capital goods which are off the highs.
The Sensex closed up 4.83 points or 0.03 per cent at 16127.98, and the Nifty up 6.10 points or 0.13 per cent at 4872.00.
About 1389 shares have advanced, 1594 shares declined, and 70 shares are unchanged. The BSE Midcap Index ended at 6,909.85 down 1.2 per cent.
The BSE Smallcap Index ended at 8,531.92 down 0.3 per cent. The BSE Bankex was up 1 per cent at 8,554.85. IOB, ICICI Bank, Centurion bank, Axis closed in green.
The BSE Capital Goods Index closed at 14,101.56 up 0.3 per cent. Suzlon, Reliance Infra, Triveni Engineering closed higher. The BSE Auto Index closed at 4,649.51 down 0.4 per cent.
Tube Investment, Apollo Tyres, Escorts, Ashok Leyland, Hind Motors closed lower. The BSE Metal Index closed at 15,688.91 down 2.4 per cent. SAIL, Hindalco, Tata Steel, JSW Steel, Jindal Steel, Jindal Stainless, Hind Zinc closed lower
The BSE FMCG Index closed down 1per cent at 2,181.18. Colgate, ITC, Nestle, Dabur ended higher BSE Oil and Gas Index closed at 10,642.09 up 0.8 per cent. BPCL, HPCL, IOC, Reliance Natura, GAIL ended higher.
The BSE IT Index was at 3,472.41 down 2 per cent. HCL, Infosys, Tech mahindra, TCS, Tech Mahindra closed lower. The NSE cash turnover was at Rs 15579.8 crore and the NSE F&O turnover was at Rs 44632.78 crore.
The BSE cash turnover was Rs 7199.46 crore. Total market wide turnover was at Rs 67412.04 crore.
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