Equity trading tips: Nifty ends at 8421, Sensex flat; Bajaj Auto up 7%, ITC weak
M&M to buy stake in Mitsubishi Heavy's farm machinery unit
SBI Q4 net seen up 14%; NII growth, slippages eyed: Poll
Tata Steel tanks 5% on dismal Q4 nos; analyst cut target
Strides Arcolab to buy Aspen's generic biz in Australia
Bajaj Auto Q4 net falls 18.5% on weak volume; expenses hurt
The market ended on a tepid note. The Sensex ended down 27.86 points or at 27809.35 and the Nifty slipped 2.25 points at 8421.00. About 1180 shares advanced, 1513 shares declined and 182 shares were unchanged.
Tata Steel ended with 5 percent loss. Vedanta fell 3 percent while Cipla, ICICI Bank and ITC were major laggards. Bajaj Auto was up 7 percent while Coal India, Axis Bank, L&T and HUL were gainers.
The stock markets have entered a consolidation mode, keenly awaiting the June 2 monetary policy review by the RBI, which is widely expected to ease lending rates in the backdrop of weak factory output growth and a benign inflation scenario. The benchmark indices opened the session with gains, but slipped into the red soon after as FMCG, metals, oil and gas sector shares came under selling pressure.
Forecasts of a timely monsoon have also strengthened hopes that the central bank would cut rate on June 2 to spur investment and consumption.
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