Nifty ends below 7500, Sensex flat; Hindalco up 4%, Maruti down

Markets ended flat after profit booking emerged at higher levels tracking weakness in global stocks even as commodity stocks rallied after sharp surge in global prices

The Sensex ended up 12.75 points at 24659.23, and the Nifty slipped 0.05 points at 7485.30. About 1322 shares have advanced, 1325 shares declined, and 148 shares are unchanged.  

Hindalco, Lupin, GAIL, Reliance and HDFC were top gainers in the Sensex while Maruti, SBI, HUL, ICICI Bank and Axis Bank were losers.

BSE Bankex and IT indices ended down 0.5%-1.3% each. However, metal, oil and gas indices trimmed early gains to end 1.5%-1.7% higher.

Coal India ended flat. The company said in a notice to BSE that its board approved dividend of Rs.27.50 per share.

Tata Motors ended up 0.7%. The auto major tied up with Bharat Forge Ltd and US-based General Dynamics Land Systems Inc. (GDLS) for the Indian defence ministry’s futuristic infantry combat vehicle (FICV) programme.

Just Dial plunged 13% to end at Rs 657 on back of heavy volumes after the stock appreciated more than doubled from its 52-week low.

European shares slipped after weak trade data from China raised global growth concerns. The FTSE-100, CAC-40 and DAX were down 0.9%-1.4% each.

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