Nifty flat; DLF up 4%, aviation stocks down

Indian market has been lacking investors’ interest. The Sensex was up 49.10 points or 0.25% at 19517.25 while the Nifty gained 9.60 points or 0.16% at 5897.00.
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Feb 18, 2013, 12.44 PM | Source: Moneycontrol.com

Nifty flat; DLF up 4%, aviation stocks down

Indian market has been lacking investors’ interest. The Sensex was up 49.10 points or 0.25% at 19517.25 while the Nifty gained 9.60 points or 0.16% at 5897.00.

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Nifty flat; DLF up 4%, aviation stocks down

Indian market has been lacking investors’ interest. The Sensex was up 49.10 points or 0.25% at 19517.25 while the Nifty gained 9.60 points or 0.16% at 5897.00.

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11:56
Moneycontrol Bureau

Indian market has been lacking investors’ interest. The Sensex was up 49.10 points or 0.25% at 19517.25 while the Nifty gained 9.60 points or 0.16% at 5897.00.

Shedding around 1% each, Coal India, Jindal Steel, TCS and Tata Power were the major losers on the Sensex today. Shares of Jet Air tumbled around 5.2% percent to Rs 583 after Etihad Airways' chairman announced that he needs time to complete due diligence before picking up stakes in the carrier.

SpiceJet also lost around 3.3%.

Meanwhile, on the gainers side were HDFC, HUL and Tata Steel. Investors were betting on most of the oil and gas companies as ONGC, Reliance and Cairn India gained around 0.8% each.

Surprisingly, some of the realty stocks were in the positive terrain today. Real estate major DLF rose more than 4 percent after brokerage houses upgraded the stock despite weak performance in third quarter.

In Asia markets were trading sideways but Nikkei was up 2% at 33-month high on the G20's decision not to single out Japan for undertaking policies that have weakened its currency.

09:51
Key indices were up slightly in thin trade early Monday, as buyers continued to be wary. Brokers said the mood was nervous as indices have been trending lower for the past three weeks.

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