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Markets end on a flat note ahead of public holiday and F&O series expiry

Updated: Mar 26, 2013 04:39:33pm
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New Delhi, Mar 26 (KNN)  The stock market finally turned positive today, though marginally after remaining in the losing zone for the past seven sessions.  The small cap and mid cap shares also picked up a few notches even as political uncertainty and weak global cues bothered investors.

The S&P BSE Sensex ended at 18,691.43, up 10.01 points or 0.05 per cent, after touching a high of 18,758.88 and a low of 18,612.37 in trade.

The Nifty too ended an almost dismal trading day on a flat note ahead of a public holiday and the March Futures and Options series expiry. 

The 50-share index closed at 5,637, up 3.15 points or 0.06 per cent. It touched a high of 5,655.30 and a low of 5,612.05 in trade.

Though a bailout has been given to trouble-ridden Cyprus, the problems in some of the Eurozone countries are far from over.  Back home, there is a talk in the political circles of early elections.

The S&P BSE Midcap Index was up 0.06 per cent and the S&P BSE Smallcap Index gained 0.11 per cent.

The market breadth was negative on the NSE with 685 gainers against 807 losers.

In the Asian markets, the Hang Seng Index closed up 0.3 per cent at 22,311.1, reversing midday losses while the China Enterprises Index of the top Chinese listings shed 0.5 per cent.

The Nikkei average edged lower on renewed concerns on debt woes in the euro zone, though the decline was capped by hopes the Bank of Japan will boldly ease monetary policy.

The benchmark Nikkei closed down 0.6 per cent to 12,471.62, falling below its five-day moving average of 12,492.11.

European stocks regained some poise in early trade today with some investors buying to boost quarterly returns, but uncertainty about the broader implications of Cyprus’s bailout kept a lid on any gains.

Cyprus secured a last-minute international rescue package over the weekend, avoiding a possible default or a potentially messy euro zone exit.  (KNN)

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