Market Trades Flat- Mid Cap Loses With Small Cap Gain

SensexThe BSE and Nifty index remained more flat today rather than being exciting, nifty and BSE rather showed a downward trends today. In the opening session, BSE sensex was down by 0.1 % at 18725.56 and nifty lost 0.2% at 5262.

The stats remained almost same throughout the day with only minor fluctuations in downwards directions with Sensex shedding 38 points at 18706 and nifty down by 14 points at 5168 at the end of the day.

BSE small cap showed the upward trend and moved by quarter of percent 11 points whereas mid cap fell down to 6955.

Upward trend in Nifty was gained by Sesa Goa (1.93%), L&T (1.11%), HDFC (0.78%), GAIL (0.77%) and Hindalco Industries (0.72%)

BCPL, ICICI, Ranbaxy Laboratories, ONGC, and IDFC were among the major losers today.

The banking sector also saw a downfall with ICICI Bank, Axis Bank, Union Bank, Kotak Mahindra Bank, SBI, Bank of Baroda and PNB losing and Canara Bank toping them with 2.6 points.

Because of the rise in crude oil prices, aviation stocks such as Kingfisher Airlines, Spice Jet and Jet Airways were traded low today.

Market breadth was altogether on a positive tone as in NSE 1422 gained against 1268 losers.