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[10/6/14] Benchmark Indian stock indices including SENSEX and NSE's NIFTY 50 both ended the day almost flat.
IT and Pharma sector led the gainers list. 30 component SENSEX closed up by just 3.48-point at 25,583.69. 14 out of 30 components of SENSEX closed higher while 16 of them declined today.
National Stock Exchange's NIFTY 50 closed up by 1.80 points at 7,656.40 . Indian stock indices are highly overpriced at the moment and correction might be around the corner, probably union budget would be trigering point for correction. Sector-wise consumer durables index gained the most by rising 3.55 percent, followed by IT by 2.32 percent and healthcare index by 1.97 percent. On other hand Realty index suffered the most by closing 2.96 percent down, PSU index closed lower by 1.28 percent and oil and gas index declined by 0.96 percent.
National Stock Exchange's NIFTY 50 closed up by 1.80 points at 7,656.40 . Indian stock indices are highly overpriced at the moment and correction might be around the corner, probably union budget would be trigering point for correction. Sector-wise consumer durables index gained the most by rising 3.55 percent, followed by IT by 2.32 percent and healthcare index by 1.97 percent. On other hand Realty index suffered the most by closing 2.96 percent down, PSU index closed lower by 1.28 percent and oil and gas index declined by 0.96 percent.
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