Nifty ends flat ahead of election results

Nifty ends flat ahead of election results

Mumbai, May 14: The bull-run came to a halt as optimism turned to caution ahead of election result D-day on May 16, with the benchmark ending unchanged at the National Stock Exchange (NSE) today.

Though the index rallied to 7,142.25 during intra-day trade, market players preferred profit-booking, taking respite from the heavy gains following the exit-poll results.

The momentum was arrested by substantial profit-booking in Energy, Metal and Auto counters. But Realty, Metal, FMCG and PSU banks rallied.

Shares of Midcap and Small-cap companies supported the broader-market.

The star performers were Bank of Baroda (9.11 per cent), Jindal Steel (6.47 per cent), Tata Steel (5.91 per cent) and DLF (5.42 per cent).

While the losers were Dr Reddy (3.54 per cent), M&M (3.34 per cent), HDFC (1.93 per cent) and Reliance (1.68 per cent).

Meanwhile, Foreign Institutional Investors (FIIs) bought shares worth a net Rs 2,026.23 crore yesterday as per the provisional data from the stock exchanges.

The 50-share index hovered between high of 7,142.25 and a low of 7,080.90 before settling at its previous closing level of 7,108.75.

Other notable gainers were NMDC, PNB, Coal India, Bajaj Auto, Asian Paint and SSLT. While, HDFC Bank, BHEL, ONGC, HCL Tech, L&T and Wipro incurred losses.

Turnover in the cash segment fell to Rs 19,842.99 crore from Rs 22,246.75 crore yesterday. A total of 11,736.32 lakh shares changed hands in 84,21,044 trades, while market capitalisation stood at Rs 78,16,529 crore.