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Tuesday, 18 November 2014

Nifty, Sensex end flat while broader market gains

3:30 pm: Key benchmark indices bobbed above and below the flat line, before closing marginally lower, even as mid and small cap stocks continued to attract interest.

At close, the Sensex and the Nifty were down about 0.05 percent each to 28,163 and 8,425, respectively. In the broader market, mid and small cap shares, as measured by their BSE benchmarks, rose 0.27 percent and 0.95 percent.

Among sector gainers, sugar stocks witnessed strong buying amid hopes the government will soon announce sops to boost exports while jewelry stocks were down on reports fresh import curbs will be brought in for gold.

Telecom stocks too rose in trade led by bellwether Bharti Airtel, which was up 1.6 percent. Logistics shares continued their recent rally, with Container Corp and Snowman Logistics climbing 5 percent each while Patel Integrated was up 10 percent.

To check out the list of stocks that were buzzing through the day

3:00 pm: Shares are continuing to tread water, as they have for most part of the day, even as outperformance is seen in select pockets such as telecom, capital goods, utilities and metals.

In late trading, both the BSE Sensex and Nifty are practically flat with a few points gain for both benchmarks.

In key frontline stocks, Cipla and Sun Pharma are off 0.9 percent and 1.7 percent while Kotak Bank and HDFC are down about 1.8 percent each.

On the positive side, Sesa Sterlite, IDFC, BHEL and PNB are up between 2 percent and 4 percent.

Bulls appear to have paused for breath after the rupee fell to a one-month low this morning to 61.8 to the US dollar, before recovering, and even as a debate rages on whether the Reserve Bank of India cut interest rates soon. More information please visit this site

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