Indian Equities rebounded in last hour of trading on Monday - Microsec

Indian equities rebounded in last one hour on Monday to settle on a flat note. Banking and PSU stocks closed lower while IT stocks witnessed a rise.

Nifty closed at 5906.15 down by 1.15 points or 0.02% over the previous day closing of 5889.05 after witnessing a low of 5825.85 and a high of 5912.00.Sensex closed at 19895.10 down by 20.85 points or 0.10% over the previous day closing of 19880.94.It touched an intraday low of 19647.88 and high of 19921.38.

The markets' breadth was positive. Out of 2522 stocks traded 1280 stocks advanced, 1089 stocks declined and 153 stocks remained unchanged. In Sensex, Out of 30 stocks 17 stocks advanced and 13 stocks declined.

Among the sectors, BSE Bankex , BSE PSU and BSE Capital Goods were the main losers of the day which decreased by 1.16%, 0.41% and 0.39% respectively.

In BSE Bankex Axis Bank, ICICI Bank and SBI decreased by 2.27%,1.50% and 1.19% respectively. In BSE PSU sector Coal India, BoM, and BoI declined by 3.19% 2.51% and 2.30% respectively. In BSE Capital Goods sector L&T, Jindal Saw and Carborundum Uni decreased by 1.37% 1.13% and 1.02% respectively.

Source : Equity Bulls

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