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Nifty ends flat; banks, autos, ADAG slip, Bharti surges

Indian equity benchmarks closed the first session of the week on flat note after seeing an extreme volatility. Market has seen some profit booking in the first half of trade after sharp rally on Friday.

May 09, 2011 / 17:40 IST

Moneycontrol Bureau


Indian equity benchmarks closed the first session of the week on a flat note after seeing an extreme volatility. Post the rally on Friday, the market got hurt today due to some profit booking in the first half of trade. However, it managed to recover losses, supported by Bharti Airtel, HUL, Reliance Industries, ITC and Infosys.


Dipan Mehta Member BSE and NSE feels that sideways movement may continue for maybe a week or so. Technical Analyst, Rahul Mohindar of viratechindia.com agrees with Mehta's view.

"Let
first published: May 9, 2011 03:51 pm

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