The Sensex ended flat, after recovering from the lower levels to continue its winning streak consecutively for the fourth day.
The Asian markets ended on a mixed note today. Hang Seng ended 145 points lower on Friday, a pull back from the previous session's 13-month high on concern that gains were overstretched.
The Shanghai Composite Index tumbled 3.19% from Thursday's close and below the psychologically important 3,000-point level. It fell 0.9% this week, snapping last two weeks' gains.
The Sensex opened 61 points lower today taking subdued cues from the global markets.
The index rebounded but could not hold on to gains. So, exhibited a lacklustre movement till noon trades before plunging into negative territory again to touch a low of 16,610 points.
However, the Sensex gained as buying activity resumed and touched an intra-day high of 16,765, up 155 points from day's low. The index finally closed at 16,741, up 30 points.
The NSE Nifty ended at 4,976, up 10 points. The index touched an intra-day high of 4,981 and a low, 4,932.
The market breadth was positive - out of 2,855 stocks, 1,438 advanced, while 1,337 declined.
Among the sectoral indices, auto index added over 2%. Realty index gained 1.29%.
INDEX MOVERS...
Maruti Suzuki surged over 5% to Rs 1,641. Reliance Infrastructure soared 4.5% to Rs 1,243. Jaiprakash Associates rallied nearly 4% to Rs 257. Bharti Airtel, ACC and DLF advanced around 2% each to Rs 442, Rs 845 and Rs 428, respectively. Mahindra & Mahindra, SBI and Grasim added 1.5% each to Rs 885, Rs 2,142 and Rs 2,811, respectively. Hindalco was up over 1% to Rs 138. Among the Nifty stocks, Reliance Power surged nearly 5% to Rs 172. Ranbaxy and BPCL added 2.5% and 2%, respectively. ...AND THE SHAKERS The second biggest index heavyweight by market valuation ICICI Bank acted as a drag as the stock fell 3.5% to Rs 840. Sun Pharma, Reliance Communications and Sterlite declined 1.5% each to Rs 1,201, Rs 306 and Rs 762, respectively. Tata Motors ended down over 1% to Rs 599.
