Nifty flat; DLF up 4%, aviation stocks down

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.