Money on the markets

A maturing market amid the mayhem

Market ends flat, L&T down after results

July 16, 2009

INDIAIt was a lacklustre day for the Sensex which ended three points lower at 14,250 as investors booked profits after a two-day rally.

Engineering and construction firm Larsen & Toubro fell 3.6 percent and was the main stock that pushed the benchmark lower. Earlier in the day the company had announced its Q1 net profit had risen to 15.98 billion rupees.

Top listed firm Reliance Industries posted a smart rise of 3.1 percent to close at 1934 rupees.

The top Sensex losers included Sterlite Industries, which was down over 6 percent, and Reliance Infra which ended nearly 4 percent lower.

Sectorally, the auto index topped the space with a 1.95 percent rise. TVS Motors gained more than 10 percent while Maruti Suzuki and Hero Honda gained over 3 percent each.

The BSE capital goods, metals, banking and realty indices ended the day in negative territory.

Do you think the benchmark will post decent gains on Friday and end the week on a high note?

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