Mumbai, July 4: Despite trading largely in red, benchmark indices managed to close on a flat note. While the 30-scrip Bombay Stock Exchange was down by 11.83 points or 0.04 per cent to close at 31,209.79, Nifty also went downward by 1.70 points or 0.02 per cent to close at 9,613.30.
Global cues remained mixed on the back of tense geopolitical events. North Korea’s firing of a test missile that landed in Japanese waters caused negative trends to emerge in Asian and European markets. Another key cause for the flat trading was the extensive profit booking engaged in by investors.
In the Bombay Stock Exchange, a total of 1,338 shares advanced and 1,320 shares fell. Whereas, a total of 135 shares remained unchanged. Further, while the S&P BSE Smallcap Index witnessed little change, the S&P BSE Midcap index slipped by almost 0.3 per cent.
The top gainers in the 30-scrip BSE included Reliance, HDFC, Kotak Bank and Infosys that gained by 2.79, 1.28, 1.10 and 0.96 per cents. The entities that lost the most according to the Bombay Stock Exchange’s benchmark index were Axis Bank, Hero Motor Company, Dr Reddy and ITC that lost by 2.08, 2.04, 1.88 and 1.52 percentage points each.
Meanwhile, similar trends were recorded by the National Stock Exchange wherein the maximum gainers were Reliance, Tata Power, BPCL and HDFC that gained by 2.97, 1.43, 1.19 and 1.07 percentage points. On the other hand, the maximum losers were India Bulls Housing Finance, Dr Reddy, Hero Motor Company and Axis Bank that lost by 2.35, 2.26, 2.02 and 1.85 per cents respectively.