Markets end flat amid volatility - Cholamandalam Securities

Markets snapped two-day losing streak and ended flat with a positive bias as investors were on tenterhooks on the outlook for monetary policy in US and Europe.

Rupee depreciated marginally amid month-end dollar demand by importers and muted FII participation.

Shares of Automobile companies witnessed buying owing to renewed interest on expectations of higher demand during the upcoming festive season.

Godrej Properties plunged after the new equity shares issued by the company on rights basis got listed.

PI Industries surged after the company increased the FII limit to 40% from 24% of paid up capital.

Oil ministry announced a set of conservation measures aimed at saving USD 5bn fuel import bill, but ruled out diesel or LPG price hikes.

Source : Equity Bulls

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