Sensex closes flat, realty, banking shares up on RBI rate cut hopes

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Brokers said investors were cautious and picked up banking and interest-sensitive realty and auto stocks. (Reuters) Brokers said investors were cautious and picked up banking and interest-sensitive realty and auto stocks. (Reuters)
SummaryBrokers said investors were cautious and picked up banking, interest-sensitive realty, auto stocks.

Friday's level of Rs 2,363.58 crore.

Analysts said expectations are already built for 0.25 per cent cut. So, a 0.25 per cent cut would make it a non-event and markets would continue to take cues from the quarterly results and FII flows.

"Apart from the results season, FII flows have been a key factor in the sustenance of markets at high levels, Bavishi said.

Meanwhile, foreign institutional investors (FIIs) bought shares worth a net Rs 586.87 crore on last Friday, as per provisional data from stock exchanges.

Most of the Asian stocks ended firm after a corporate-results-driven rally on Wall Street last Friday amid positive earnings outlook for Chinese firms.

Key indices in China, Hong Kong, Singapore and Taiwan hardened up to 2.41 per cent, while from Japan and South Korea fell by 0.36 pct to 0.94 per cent respectively

European stocks were trading narrowly mixed as indices in UK and Germany moved up by 0.02 per cent and 0.07 per cent, while France (CAC) was quoted lower by 0.07 per cent.

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