Market front line indices on Monday showed some resiliency after having hit high volatility during the mid-session. At close, benchmark Sensex scaled marginally higher at 40487.43, up by 42 points and the Nifty recorded at 11937.50, up by16 points.
BPCL, Axis Bank, Adani Ports, HDFC and Maruti Suzuki were top gainers in the Nifty, whereas BPCL, Axis bank, Adani Ports, HDFC and Maruti Suzuki slipped the most.
Sectoral indices were closed in equal weightage with Nifty Auto, financial Service, Metal, Pharma and Private bank ended in the green, while Nifty Bank, FMCG, IT, Media, PSU Bank, Metal and Pharma slipped.Get Updated Stock Tips and Free stock Tips visit our website.
The auto index rose the most, with the Nifty Auto index rising 0.80% at 7,868.80. Maruti, MRF and Ashok Leyland rose the most in the Auto index.
Realty stocks slipped the most, with the Nifty Realty index falling 1.57% to 278.95. Indiabulls Real-estate, Prestige, SunTech and Obroi lost the most in the index between 3 to 5 percent.
IT stocks also slipped with the Nifty IT index falling near 1% to 15,146.80. TCS, HCL Tech and TechMahindra lost more or less 1 to 3 %, on the other hand, Hexaware, NIIT Tech and MindTree rose up to 1 percent.
Among top stock buzz, shares of Jagran Prakashan closed lower by 7.3 pc at Rs.57.15 on the NSE after it has approved the buyback of its fully paid-up equity shares for a total amount not over Rs1,01,25,00,000 at a price of Rs.75-per unit.
Shares of Coffee Day slipped 9.66% to Rs.43.50 on the NSE after the sale of its technology park to BlackStoneGroup has been reportedly stalled since one of the creditors has not given approval for the deal.