INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Key stock benchmarks ended on a subdued note on Friday as a rush to book profit took hold
The absence of any positive global leads kept sentiment depressed.
Dovish remarks of the RBI in its February minutes did little to move
investors.
NSE's Nifty hit a high of 10,801 intraday, but settled at 10,792, up a measly 1.80 points, or 0.01 per cent
Its BSE counterpart Sensex declined, snapping two-days of gains, to close at 35,871, down 27 points, or 0.07 per cent.
Losses in Kotak
Mahindra Bank, RIL and HDFC duo offset gains in Maruti, TCS and MM.
In the 30-share index, 20 closed in the green while 10 turned red
Kotak Mahindra Bank fell the most, dropping 3.71 per cent, after 3 per cent stake (5.87 crore shares) changed hands through six block deals
HDFC Bank, RIL, IndusInd Bank, Bajaj Finance and HDFC were among other stocks that slipped
Meanwhile, YES Bank with a rise of 3.23 per cent was the top index gainer
Midcaps and smallcaps rose 0.38 per cent and 0.77 per cent, respectively, beating the Sensex
Four sectoral indices ended lower today - Consumer Durables, Finance, Bankex and Energy
Metal stood out, climbing 1.62 per cent, followed by Realty (up 1.38 per cent), Power (1.17 per cent) and Basic Materials (up 1.01 per
cent).
Vinod Nair, Head of Research, Geojit Financial Services
"Market turned range bound after the release of RBI minutes which hints
concerns of elevated core inflation and threat of global growth slowdown
Additionally, 10-year yield inched higher while bank index underperformed
