Markets close flat on F&O expiry: Bankex surge 3.7%

Mkts rangebound: Banks gain, cap goods & oil slip

The markets were witnessing rangebound trade. At 11:08 am, the Sensex was down 7 points at 12,359 and the Nifty down 7 points at 3,571.

The market breadth was mixed, about 868 shares have advanced, 853 shares declined, and 66 shares are unchanged.

Top gainers were HDFC (1.79%), ICICI Bank (1.41%), ACC (1%), Cipla (0.91%), Oriental Bank (1.91%) and Tata Power (0.99%).

On the other hand, Larsen (-1.82%), Maruti Udyog (-1.19%), Reliance Comm (-0.94%), Satyam (-0.80%), Nalco (-2.69%), GAIL (-2.66%) and HPCL (-1.85%) were the losers.

The BSE Bankex has continued its gain and it was up 1.30%. However, the BSE Capital Goods and Oil indices were down over 0.50%. Other indices were flat.

RIL promoters have acquired 2% stake via creeping acquisition.

10.25 lakh Union Bank shares have changed hands in FII segment at Rs 135 per share.

Index heavyweight Hindustan Lever was trading at Rs 259.00 up 0.5% from its previous close of Rs 257.70.

Index heavyweight Reliance was trading at Rs 1,164.75 down 0.88% from its previous close of Rs 1,175.05.

Tech major Infosys was trading at Rs 1,832.20 down 0.18% from its previous close of Rs 1,835.50.

Cigarette major ITC was trading at Rs 184.25 down 0.75% from its previous close of Rs 185.65.

Refinery major HPCL was trading at Rs 289.00 down 1.87% from its previous close of Rs 294.50.

Markets @ 9:57 am