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Nifty ends almost flat, Hindustan Unilever shares hit

Jan 24 2013, 04:57 IST
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SummaryBuying in select blue-chip stocks today helped the benchmark S&P CNX Nifty of the National Stock Exchange to recover modestly and end up by six points.

Buying in select blue-chip stocks today helped the benchmark S&P CNX Nifty of the National Stock Exchange to recover modestly and end up by six points.

A mixed global trend also weighed on the sentiment while sustained buying by foreign funds gave support to the market as Foreign Institutional Investors (FIIs) bought shares worth Rs 1,027.10 crore yesterday, as per Sebi data.

Buying was seen in some media, infra, finance and private banking counters, while there was profit-booking in realty, PSU and MNC stocks. Second-line stocks mostly suffered the brunt of profit-booking.

Hindustan Unilever (HUL) lost heavily for the second day in a row after disappointing Q3 results announced yesterday.

The FMCG giant's scrip dropped 4.34 per cent and it was the top loser from the Nifty pack.

On the global front, Asian stocks ended side-ways with downward bias, while European markets too were quoting mixed in their afternoon trade.

The 50-issue Nifty moved in a narrow range of nearly 50 points before settling at 6,054.30, showing a small rise of 5.80 points, or 0.10 per cent.

Top five gainers from the Nifty pack were Bharti Airtel (4.46 pc), Tata Power (2.42 pc), ITC (1.25 pc), Hero MotoCo (1.14 pc) and ICICI Bank (1.93 pc). Top losers included HCL Tech (3.05 pc), Jaipra Asso (2.66 pc), IDFC (2.64 pc) and BPCL (2.13 pc).

Turnover in the cash segment was relatively up at Rs 12,775.37 crore from Rs 12,367.07 crore yesterday. A total of 7,854.97 lakh shares changed hands in 63,65,084 trades. The market capitalisation stood at Rs 68,80,433 crore.

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