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Stock market : Domestic stock market indices ended flat. Expectations that the Fed will cut interest rates led to stagnation in global markets.
Our market indices also moved accordingly. On the other hand, investors are cautious in the wake of the tense situation in West Asia and Ukraine. Shares like ICICI and Infosys stood up to the indices, but shares of Reliance and HUL fell.
The Sensex opened the morning lower at 81,815.23 points (previous close 81,698.11). Then it turned into profit. It touched an intraday high of 81,919 points. In the end, it gained just 13.65 points to close at 81,711.76. Nifty also gained only 7 points to settle at 25,017. The rupee is at 83.92 against the dollar.
In the Sensex 30 index, shares of Bajaj Finserv, Maruti Suzuki, L&T, Bajaj Finance and Infosys gained, while shares of Titan, JSW Steel, Hindustan Unilever, Tata Motors and NTPC lost. Brent crude is trading at $80.93 a barrel and gold is trading at $2543 an ounce in the international market. Zee shares soared after dispute with Sony was resolved. The share, which gained 14 percent at one stage, finally settled at Rs.150 with a gain of 11 percent.
