The markets ended with marginal gains after seeing some hicups in the noon trades. It was a dull day for markets as they selling pressure was seen in realty, auto and banking stocks. Markets made smart recovery from the day's low, Sensex saw a triple digit correction in noon but was up again by the end of the day to end almost flat. Oil marketing companies were the standout performance with HPCL, BPCL and IOC were among the top gainers.
It was some profit booking at the higher levels and Nifty holding above the 4,900 mark. The market breadth was negative as the midcap and smallcap indices underperformed.
Bharti, Hindalco and Cipla are among the top gainers on the indices. PSU refineries HPCL and BPCL have surged on the bourses.
Among the top losers are Bajaj Auto, Hero Honda, Reliance Petro, GAIL, Maruti Udyog and SBI.
Dollar has gained some strength against the rupee helping the IT stocks to stabilise.
Sensex was up 53.71 points or 0.32% at 16899.54, and the Nifty up 6.65 points or 0.13% at 4938.85.
Nifty Prediction : Market next target is toward 5040. But Have a resistance at 4960.Market at this level have some selling pressure.So may see some volatility.
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