Nifty holds 5450 amid volatility; auto, realty, FMCG gain
Published on Fri, Aug 06, 2010 at 10:22 | Source : Moneycontrol.com
Updated at Fri, Aug 06, 2010 at 11:08
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Nifty holds 5450 amid volatility; auto, realty, FMCG gain
The benchmark Sensex was trading flat with a positive bias while the Nifty managed to hold the 5,450 level. Metal, Auto, FMCG, realty, healthcare and power companies' shares along with HDFC, Bharti Airtel, Wipro and L&T were supporting the markets.
The US markets looked cautious post week economic data and ahead of government jobs report today in a low volume trade day. Weaker initial jobless claim report created confusion as ADP Employment suggested better-than-expected jobs environment a day ago.
The Dow Jones Industrial Average ended down 5 points at 10675. The Nasdaq was down 10.5 points at 2293 and S&P 500 down 1.5 points at 1126. Trading volume on the NYSE totaled a pathetic 875 million shares.