Markets continued to remain volatile for the second consecutive session as they just about managed keep their head above the flat line. It was primarily the concerns in Europe along with F&O expiry this week to be blamed for the volatility during the day. Domestic indices started the day on shaky grounds with weakness in Asian markets and remained so for the first half. It did gain in the second half on the back of positive opening by European markets however soon slipped lower and finally managed to the end almost flattish. Market breadth turned positive from negative in the day. On BSE, 1,444 shares advanced and 1,358 shares declined.
The BSE Sensex touched a high of 16,946 and a low of 16,815 before it ended 0.1% or 24 points higher at 16,907. Similarly the S&P CNX Nifty gained 0.1% or mere 6 points to end at 5,120. Mid cap stocks too gained while the small cap stocks ended almost unchanged. The BSE Mid – cap index surged by 0.4% while the BSE Small-cap index ended flat.
It was a mixed bag performance on the sectoral front. The BSE Consumer Durable index was the highest loser which shed 1%. This was closely followed by the BSE FMCG index which too fell 0.9%. Within this space, the two index heavyweights, HUL and ITC lost 2% and 1.1% respectively. On the other hand, the BSE Oil & Gas index emerged as the top gainer which grew by 1.2% followed by BSE Power and BSE PSU indices which too inched higher by 0.9% and 0.7% respectively.
Among the BSE – 30 stocks, 10 stocks declined while the rest gained. The top five losers were HUL, Sterlite Ind, ITC, Infosys and Tata Steel which fell by 2%, 1.2%, 1.1%, 1.1% and 1% respectively. On the contrary, the top five gainers were Gail, Tata Power, ONGC, TCS and M&M which grew by 2.7%, 1.7%, 1.5%, 1.4% and 1.4% respectively.
As per the data released by SEBI, foreign institutional investors (FIIs) were net buyers in equity to the tune of Rs 191 crores. On the other hand, they were net sellers in debt segment to the tune of Rs 172 crores.