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Nifty hovers around 5850.

Markets have seen flat trades again, in the wake of unsupportive cues from the Asian and US markets.
The indices remained absolutely flat with the Sensex being at 19, 228 and Nifty standing at 5847, down by 3 points or -0.06%.

Top gainers include BPCL – up by over a percent, LT, DLF and Sun Pharma – all of them up by a percentage each.
Ultratech Cement is also up by 0.8%.

However Ambuja cements is down by 1% in the trade. Bank of Baroda is also trading in the red. PNB has retraced to 810 levels with 1% cuts. ITC and Hero motors have also seen cuts of over 1%.

Fertilizer stocks have seen good gains in the trade today, in the wake of the government clearing the urea investment policy. Rashtriya Chemicals and Fertilisers, Liberty Phosphate, SPIC, National Fertilisers and GNFC – have all gained 3-4 per cent each.


 

 

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