The Indian market ended just above the dotted line after hovering in
narrow range between positive and negative zones for through out of
session as investors preferred to wait before Barrack Obama’s swears
in as the next US president. The market was volatile as investors
were not persuaded about a recovery, along with concerns about
slowing earnings growth and rising foreign fund outflows dominating
attitude. However, firm global markets supported the domestic
bourses at lower level.
The domestic market today opened flat and turned choppy soon
after
start amid mixed cues from Asian markets. The investors were
cautious ahead of Barrack Obama’s swearing in as US president.
Obama is set to take office on Tuesday following a US national
holiday on Monday. Global market is likely to find a clear way from
the inaugural speech by the new president. Further, benchmark
indices continued to trade with instability as swung between red
and green territory. Finally, market ended slightly above the
dotted line on support of some buying interest in index
heavyweights. From the sectoral front, Reality, Metal, Oil & Gas,
Capital Goods and PSU stocks supported the market with buying
interest. Midcap and Smallcap stocks also joined the buyers’ radar.
However, Bank, IT, Pharma, Auto and FMCG stocks witnessed most of
the selling from these baskets.
The BSE Sensex closed slightly up by 5.98 points at 9,329.57 and NSE
Nifty
ended higher by 17.75 points at 2,846.20. The BSE Mid Caps and Small
Caps
ended with gains of 16.70 points and 38.69 points at 3,043.53 and
3,451.46
respectively. The BSE Sensex touched intraday high of 9,409.51 and
intraday low of 9,273.41.
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