A maturing market amid the mayhem
Sensex ends flat, inflation heads towards zero
The benchmark gained 1.2 percent in early trade, but lost ground on profit taking and closed at 9,001.
Top Sensex gainers included Sun Pharma, HDFC and Sterlite Industries, which rose in the range of 2.3 to 4.1 percent.
The BSE Realty Index was the best performer amongst sectors, ending 2.4 percent higher.
Among the star performers were Mindtree Ltd, which rose 32 percent, NIIT, which climbed 15.8 percent, and Akruti City which gained 10.7 percent after yesterday’s rise of 27.5 percent.
Data released today showed inflation heading towards zero in early March and analysts tipped it would soon turn negative, opening the way for the RBI to cut rates further to stimulate growth.
Positive news came in from the Plan Panel too, with its deputy-chief saying low inflation rate would enable policy makers to take more steps to stimulate a slowing economy.
Can one now expect the Sensex to rally tomorrow on positive economic data and end the week with smart gains?