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Indian markets continue to stay volatile, close flat

February 5th, 2008

Volatility is into play as the Indian stock markets had many course reversals finally closing flat by the time the closing bells are rung. Sensex closed a mere 2.84 points up at 18,663.16 while the CNX Nifty closed at 5483.90. IT, Auto and Banking stocks are the worst hit. The BSE Small cap index is up 1% while the BSE Mid cap index closed up 0.83%.

Top Nifty 50 gainers include ABB, Unitech, Dr. Reddy, NTPC, Ranbaxy, Tata Power, Glaxo, Reliance Petrol, ONGC and Cipla. Top Nifty 50 losers include Hero Honda, Maruti, M&M, Suzlon, HDFC Bank, Bajaj Auto, Idea, TCS, National Aluminum and Tata Motors.

Metal sector is up 2.16% on the BSE today. Jindal Steel is up 13.25%. The script last traded at Rs. 2,586.35  on the BSE. Ispat Industries is up 6% as the script last traded at Rs. 46.85 on the BSE.

1 U.S. dollar = 39.2819264 Indian rupees

Entry Filed under: Equity Markets, BSE, NSE, Closing Bell