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Flat trades in markets. Nifty hovers at 5300

Markets are witnessing an absolutely flat trade in the Monday trading session. Cues from Asian markets are also not very supportive for uplifting the moods in the Indian peers.

Some of the Bank stocks have however continued to rally in today’s trade. SBI has managed to gain 0.7%, while PNB has moved up by 1.6%. HDFC Bank has also moved up by 0.4%. However ICICI Bank is trading in the red.

Some of the infrastructure counters are trading in the green. Reliance infra is buzzing with 2.2% gains. L&T is up by 1.2% at 1325. Punj LLoyd is up by 0.8%. JP Associates is up by a percent.

Power major NTPC is up by 1.3%. Suzlon energy has amassed 2% gains.

Stocks in the red include Coal India – down by 2%. ONGC was down by 0.6%. Sterlite is down by 0.7%.

Reliance industries is also trading weak with 1.4% losses. Ambuja cements is down by 1.5%. Powergrid, Hindalco, HindPetro – are all trading in teh green.



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