Sensex closes flat; IT, auto stocks gain
Mumbai, Feb 25 : A benchmark index for Indian equities markets closed Monday's trade flat, even as information technology (IT), automobile and media, entertainment and technology (TECk) stocks rallied.
The 30-scrip Sensex, which opened at 19,365.33 points, closed at 19,331.69 points, up 14.68 points or 0.08 percent from its previous close at 19,317.01 points.
The Sensex touched an intra-day high of 19,411.18 points and a low of 19,237.98 points. The midcap index closed 79.50 points lower, while the smallcap index was down 89.11 points.
The wider 50-scrip S&P CNX Nifty of the National Stock Exchange (NSE) was trading lower by 4.45 points or 0.08 percent at 5,854.75 points.
Scrips of companies related to Indian Railways declined in cautious trade, a day ahead of the rail budget. Companies such as Titagarh Wagons, Kalindee Rail Nirman, Kernex Micro, Stone India, and Gateway Distripark all declined at the BSE.
However, state-run Container Corporation and wagon-manufacturer Texmaco gained.
The IT index was up 122.74 points, followed by automobile index, up 83.97 points, and TECk index, up 48.91 points. However, capital goods index was down 162.35 points. So were the metal index, down 103.08 points, and oil and gas index, down 95.18 points.
The major losers included Cipla, down 2.60 percent at Rs.370.35; Larsen and Toubro (L&T), down 2.30 percent at Rs.1,401.50; ONGC, down 2.04 percent at Rs.317.45; Coal India, down 1.99 percent at Rs.325.75; and Reliance Industries, down 1.01 percent at Rs.853.95.
The gainers included Infosys, up 2.84 percent at Rs.2,917.20; Tata Motors, up 2.06 percent at Rs.299.05; Hero MotoCorp, up 1.42 percent at Rs.1,703.35; BHEL, up 1.29 percent at Rs.207.55; and Tata Consultancy Service (TCS), up 1.16 percent at Rs.1,471.30.
Among other Asian markets, Japan's Nikkei closed 2.43 percent higher, while Hong Kong's Hang Seng ended 0.17 percent up. China's Shanghai Composite Index closed 0.50 percent higher.
In Europe, Britain's FTSE 100 was up 0.55 percent, while the German DAX was trading 2.23 percent higher. The French CAC 40 was also up 1.64 percent.