Indian Markets ended flat on Monday - LuvKush Finserve

Markets ended flat on Monday, amid a volatile trading session, weighed down by profit taking in L&T after the engineering major announced disappointing first quarter earnings.

Larsen and Toubro (L&T) tanked 7.46% to Rs 902 after reporting a 12.5% year-on-year drop in its net profit at Rs 756 cr for the quarter ended June 30, 2013 (Q1) on account of job mix, lower margin accruals and lower other income.

The Sensex ended up 9 points at 20,159 mark and the Nifty inched up 3 points at 6,032 levels. The rupee was at 59.55 against the dollar at the Interbank Foreign Exchange market on increased demand for the US currency from importers amid a weak opening in local equities.

BSE Capital Goods index slumped by almost 6% followed by counters like Oil & Gas, Power, PSU, Realty and Consumer Durables, all falling down between 1-2%. However, BSE Auto, Bankex and IT indices gained by 1% each. On the gaining side, HDFC was the top Sensex gainer, up over 3%.

Other notable gainers included M&M, Sun Pharma, HUL and ICICI Bank, all gaining between 2-3%. The broader markets ended almost flat.

Source : Equity Bulls

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