Key Indian indices close on a flat note - LuvKush Finserve

Key benchmark indices closed on a flat note as investors treaded cautiously on account of February month derivative expiry and the Union Budget 2013-14. The Sensex closed up 15 points at 19,332 and the Nifty added 4 points at 5,855 levels. In the intra-day deals, the Sensex touched a high of 19,411 and a low of 19,238 while the Nifty saw a high of 5,878 and a low of 5,825 in today's trade.

In the broader markets, the midcap index slipped 1.2% and the smallcap index lost 1.4%. Welspun Corp fell as much as 28% and Core Education lost as much as 64.5% on speculation that the pledged shares of these companies were being sold off.

Among the sectoral indices, Realty index crashed 2.4% followed by Capital Goods, Metal, Oil & Gas and PSU indices, which lost 1-1.7% each. On the other hand, IT and Teck index gained between1-2%. Auto index too added 0.8%.

The top gainers among the Sensex stocks were Infosys up nearly 3% after IT bellwether unveiled a central processing centre at Ghaziabad in Uttar Pradesh to enable the income tax department to efficiently administer tax deduction at source (TDS). On the losing side were Cipla, L&T, ONGC and Coal India down 2% each.

Source : Equity Bulls

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