BSE Sensex flat ahead of Wednesday expiry

Written by fe Bureau | Mumbai | Updated: Feb 24 2014, 17:34pm hrs
BSE Sensex, NSE Nifty were trading marginally lower on Monday ahead of the Wednesday F&O expiry. The BSE benchmark, the Sensex was trading 16.08 points lower, while the NSE's Nifty was trading 8.10 points lower at 11.15am IST.

According to experts, GDP data which will be out on Friday and investment trends of foreign institutional investors (FIIs) will have an impact on the markets in the near-term. "Concerns about slowdown in capital inflow may weigh on the domestic bourses after a Federal Reserve report this week showed support for a plan to reduce monetary stimulus for the US economy. Fed's bond-buying program has been a source of liquidity for most Asian and emerging markets over the past few years. On the macro front, the government will unveil data on gross domestic product (GDP) for December quarter on Friday. The GDP grew at

improved pace of 4.8% in September quarter, from 4.4% growth recorded in June quarter," Standard Chartered said in a note.

Among Asian indices, the Nikkei (-1.02%), KOSPI (-0.40%), Shanghai Composite (-1.99%) and Taiwan Taiex (-0.66%) were trading in the red. Chinese shares were down amid reports that Chinese lenders have stopped extending loans to property developers.

Back home, among individual stocks, NTPC (-9.88%), TCS (-1.35%) and Tata Steel (-1.34%) were trading lower. Among sectoral indices, BSE Power (-1.35%), BSE Metal (-0.40%) and BSE IT (-0.59%) were trading lower.