Equity indices ended on a flat note amid volatility; Nifty Bank, Auto shines; Metal,Oil&Gas, Pharma falls
Ira Singh
12 May’12
The ease in US inflation data led to some relief in the global markets, tracking which the Indian equity indices indicated a positive opening for the market.
Amid weak Asian stock market cues, Indian stock market remained highly volatile on Friday and ended on a mixed note.
At close, Nifty was up 17.80 points or 0.1 percent settled at 18,314.80,and Sensex registered a gain of 0.20 percent or 123.38 points at 62,027.90, according to estimates.
Stocks and Sectors
Eicher Motors was the biggest gainer in Nifty, M&M, IndusInd Bank, Axis Bank and HUL were aming other top gainers.
Hindalco Industries was the top loser, followed by Bharat Petroleum, Power Grid and NTPC, according to reliable sources.
On sectoral front,Nifty Bank, Nifty Auto and Nifty Financial Services were among gainers while Nifty Metal and Nifty Media were top losers.
On 12th May’23,the Indian rupee falls 3 paise to close at 82.12 against US dollar.
Experts Take:
Market experts have recommended eight intraday stocks for Friday: HCL Tech, MFSL, Adani Ports, GSPL, Colgate Palmolive, IndiGo, SBI, Bharat Forge.