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This is an archive article published on July 9, 2009

Stocks end flat after wide fluctuations

After wide fluctuations,the BSE benchmark Sensex on Thursday ended 11 points down.

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After wide fluctuations,the Bombay Stock Exchange benchmark Sensex on Thursday ended 11 points down amid renewed doubts about the prospects of a swift global economic recovery.

The Sensex,which had lost over 400 points in the previous day’s trading,was down another 11.69 points,or 0.08 per cent,to 13,757.46,after moving between 13,879.18 and 13,643.97.

However,the 50-share National Stock Exchange index Nifty edged up by 2.05 point to 3,080.95. It shuttled between 4,114.90 and 4,039.85 points during the day.

Investors were more cautious at the beginning of the quarterly results season,and refrained from enlarging their positions.

A steep fall in consumer durables,capital goods,information technology,bank and realty sector stocks mainly kept the market unpredictable.

Moderate gains in stocks of metals,healthcare and FMCG saved the market from any major fall.

 

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