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Nifty ends flat in choppy trade; down by 6 points

Mumbai: Bourses end flat in a range bound session losing 6 points at the National Stock Exchange (NSE) here today.Bourses moved up briefly amid stock specific trade, but caution ahead of IT bellwether Infosys third
India TV News Desk January 09, 2014 19:35 IST
India TV News Desk
Mumbai: Bourses end flat in a range bound session losing 6 points at the National Stock Exchange (NSE) here today.

Bourses moved up briefly amid stock specific trade, but caution ahead of IT bellwether Infosys third quarter results expected tomorrow and next week WPI inflation data also kept the market limited.

Meanwhile, foreign institutional investors (FIIs) bought shares worth a net Rs 79.68 crore yesterday as per provisional data from the stock exchanges.

Selling was seen in FMCG, Banking, auto and infra counters, also shares from Mid-cap and small-cap companies witnessed profit-taking.

Buying in energy, pharma, IT and metal counters somewhat cushioned the indices fall.

The market resumed higher amid mixed global peers, but volatility overlapped the sentiment which erased the gains and traded in narrow-band during morning trade after a brief rise during late afternoon the key index ended marginally lower.  The 50-share Nifty traded between a high of 6,188.05 points and a low of 6,148.25 points before ending at 6,168.35 points, showing a marginal loss at 6.25 points, or 0.1 per cent, over the previous close.

Major losers were JP Associates, ACC, L&T, Ambuja Cem, Hindalco, Axis Bank, M&M, DLF, Bank of Baroda and Ultracemco.  While the gainers were SSLT, HCL Tech, NTPC, ONGC, Coal India, Jindal Steel, BPCL and Dr Reddy.  Turnover in the cash segment climbed to Rs 11,433.13 crore from Rs 12,141.86 crore yesterday. A total of 6,767.45 lakh shares changed hands in 62,66,781 trades, while market capitalisation stood at Rs 67,80,510 crore.