Nifty ends flat amid low participation; capital goods gains

Indian equity benchmarks ended the session on a flat note amid low volume trade on Thursday. The market has completely been directionless as it seemed that it could be waiting for some trigger for getting direction on either side.

June 09, 2011 / 16:18 IST

Indian equity benchmarks ended the session on a flat note amid low volume trade on Thursday. The market has completely been directionless as it seemed that it could be waiting for some trigger for getting direction on either side - i.e. 5400 on the downside while 5600 on the upside. Triggers could be IIP (tomorrow), RBI policy (on June 16) or any global event.

The 50-share NSE Nifty has been in a tight range of 5500-5550 for the fifth consecutive session. It fell just 6 points, to end at 5,521.

Deven Choksey of KR Choksey said the market would remain in a range of 5500-5650. "You would basically see the 5500 level at which most of the traders are meeting and writing calls and writing puts at this level and in this processing buy the time value of money. So this is where the market is stuck up. Unless we see some sort of formidable performance coming in from player into the market, I don

first published: Jun 9, 2011 03:53 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.