Indian markets ended a volatile session flattish. The markets started off the day on a sluggish note and towards mid-session it started to slip in red with weak European market openings. Stocks world over remained cautious ahead of a meeting between Greece and its creditors. However as the European markets reversed their losses, domestic indices too managed to edge higher. Once again towards the end of the trading session markets experiencing bouts of volatility and slipped in red ahead of the uncertainty regarding the monetary policy review next week.
The BSE Sensex touched a high of 16,518 and a low of 16,384 before it closed 0.1% or 14 points lower at 16,451. Mid cap and small cap stocks declined and clearly underperformed their large cap peers. Both the BSE Mid-cap and BSE Small-cap indices closed 1.2% and 1% lower respectively. The S&P CNX Nifty ended 0.2% or mere 12 points below at 4,955.
Majority of the indices on the BSE sectoral space ended lower with only the BSE Oil & Gas and BSE Realty indices emerging as the only two gainers which rose by 3.1% and 0.6% respectively. The BSE Oil & Gas index surged primarily on the back of index heavyweight Reliance Industries which grew close to 5%. Among the highest loser was the BSE Metal index which shed 2.2% following uncertainty in global markets. The BSE IT and BSE Capital Goods indices were among the other major losers on the BSE sectoral space which fell by 2.2% and 2% respectively.
Among the BSE – 30 stocks, 12 stocks surged while the others fell. Reliance industries, HDFC Bank, ONGC, Hero Motor and DLF were among the top five gainers which grew by 5%, 2.8%, 2.4%, 1.7% and 1.6% respectively. On the other hand, Tata Steel, Coal India, M&M, BHEL and Wipro emerged as the top five losers which shed 4.1%, 3.2%, 2.8%, 2.8% and 2.7% respectively.
As per the data released by SEBI, Foreign institutional investors (FIIs) were net buyers in equity to the tune of Rs 1,064 crores. Similarly they were net buyers in debt segment to the extent of Rs 26 crores.