Feb 19, 2009

Markets end flat after two sessions of weakness

18 Feb 2009 | 18:27
Markets end flat after two sessions of weakness

Markets end flat after two sessions of weakness Markets witnessed a lacklustre session as the main indices closed on a flat note. While the Sensex closed 19.82pts or 0.22% lower at 9,015.18, the Nifty gained 5.65pts or 0.2% to close at 2776.15. The broad market indices ended lower as the BSE Midcap and Small Cap indices were down by 0.45% and 0.61% respectively. Market breadth was negative as A/D ratio was 0.73:1 on the BSE.

The sectoral indices were mixed. The top gainers were the BSE Realty, Oil and Gas and Power indices. The top losers were the BSE Bankex and Consumer durables indices. The top gainers from the BSE-30 were DLF, Maruti, ACC, Reliance and NTPC. The top losers were HDFC, M&M, ICICI Bank, Rel infra and SBI.

The coming sessions will be crucial as traders will be watching whether the Dow Jones is able to remain above 7500. In case the Dow Jones breaks this level, expect a sharp fall in Indian markets. We recommend a cautious and wait and watch approach with respect to fresh positions.

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