Sensex ends Flat | SBI up FMCG, ICICI Bk dip

Sensex ends Flat | SBI up FMCG, ICICI Bk dip

The Sensex finished a volatile session moderately higher after some profit-taking in late session cut some of its early gains. The benchmark index ended 15 points higher at 17,185 but the broader markets recorded higher gains.

On the back of strong global cues, the Sensex had gained close to 200 points at its day’s high before succumbing to some profit taking in late trade. “After the rebound from the March lows, Indian markets are labouring hard to move up from the current levels. But as long as global markets are strong, Indian stocks are likely to trade with positive bias,” said Paras Adenwala, an investment advisor.

Most Asian markets rose for a third straight day on Thursday as a weakening yen buoyed Japanese stocks and an upbeat assessment from the Federal Reserve helped confidence in the US economy. European bourses were higher.

On the NSE, Nifty was up 8 points at 5,131. In the broader markets, 1650 stocks advanced on the BSE while 1,115 declined and 73 remained unchanged. The BSE midcap and smallcap indices were up 0.4 and 0.9 per cent up respectively.
Healthcare, metal and realty stocks were among the gainers while auto stocks saw some profit-taking after strong recent gains.

Among the Sensex stocks, RCom, Hindalco, ACC, Grasim and SBI were up over 2 per cent.

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