Markets Closed Flat, Pharma Stocks witness Buying

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The key benchmark indices traded nearly unchanged from their last closing levels during the afternoon session with the Nifty finished above 12,350 marks on Friday.

The BSE Sensex closed flat by 12 points higher at 41,945.37, while the NSE Nifty50 index lost 3 points to 12,352.35.

IN the broader market, the Nifty MidCap-100 index rose 0.05-pc and the Nifty SmallCap-100 rose 0.27-percent.

Bharti Infratel, IndusInd Bank, GAIL India, Vedanta and BPCL were among top losers in the Nifty, whereas Bharti Airtel, Dr.Reddys, Reliance, Grasim and Sun Pharma were top gainers.

The Nifty Pharma advanced by 1.73 percent being the top sectoral gainer for the day. PiramalEnterprises rose 5.5-pc, Dr.Reddys gained 3.04-percent, Glenmark added 2.40-pc and Aurbindo Pharma rose 2.19-pc in the Nifty Pharma index.

The Nifty Auto, FMCG, Media and Realty also ended marginally higher. Nifty Fin-Service, Nifty IT, Metal, PSU Bank & Private Bank also declined by up to 0.80-pc for the day. For more information Stock Tips and free trading tips visit our website.

On the downside, the Bank, Nifty Private bank slipped the most, down over 0.80%, each followed by the Metal and Financial Service down by 0.70 and 0.64 percent.

Shares in banking stocks were too lagged today SBI down by 1.64% and HDFC Bank slipped 0.80-pc.

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