The headline indices BSE Sensex and Nifty 50 managed to cover the lost ground in the last hour of the trade to close flat in Friday’s volatile session. Sensex hit day’s low of 30,770 and ended flat at 31,098, while Nifty 50 index managed to close above 9,100-mark, at 9,137. The gains were capped by M&M which was down 4.70 per cent and select private bank stocks such as ICICI Bank, Axis Bank and HDFC Bank, which were the top contributors towards today’s fall. “The market exhibited volatility before ending flat today following tranche 2 of the stimulus package by the government. Although in the right direction, the package did nothing to enthuse the markets.
M&M slipped nearly 5 per cent and ended as the top Sensex loser followed by Axis Bank, IndusInd Bank, Hero MotoCorp and Sun Pharma. While Bhart Airtel gained nearly 3 per cent and was the biggest gainer. Asian Paint, Tata Steel, NTPC, Reliance Industries were other gainers on the Sensex.
Except Nifty Metal and Nifty FMCG, all the sectoral indices traded in red. Nifty Metal index gained over 1,5 per cent with Vedanta, SAIL, Hindustan Zinc and NMDC as top gainers. Nifty Bank index dropped 1.23 per cent dragged by Bank of Baroda, Federal Bank and Bandhan Bank.
