Markets flat on mixed global cues

The key benchmark indices were flat in the early deals amid mixed trends in world markets. The Sensex was up 12 points at 17,143 levels and the Nifty was flat at 5,089.

Auto and realty stocks were trading higher. The BSE auto index rose 0.9 per cent and the realty index was up 0.5 per cent.
Among the Sensex stocks, M&M led the gainers. The stock rose 2 per cent in early trades. M&M, Hero Honda and ITC were the other main gainers, up over 1 per cent each.
ICICI Bank, however, was down 1.3 per cent.
A brighter economic forecast from the Federal Reserve helped the stock market pare losses that followed uninspiring reports on consumer sentiment and housing.

The market cut losses as the Federal Reserve released minutes from its latest meeting, during which it pledged to keep interest rates low for the foreseeable future and said inflation remained at bay. The Fed raised its expectations for economic growth during the second half of this year, but said unemployment will remain high.

The Dow ended down 17.24, or 0.2 percent, to 10,433.71 after falling as much as 91 points. The Standard & Poor's 500 index slipped 0.59, or 0.1 percent, to 1,105.65, while the Nasdaq composite index fell 6.83, or 0.3 percent, to 2,169.18.
Asian markets were trading mixed today. Hong Kong’s Hang Seng fell 0.2 per cent. Japan’s Nikkei and South Korea’s Kospi were flat.

Sirfpaisa.com

Bank nifty opened on a negative note and was less by 267.35 points. There are various global factors also responsible behind frequent fluctuations in market. It is necessary to know about them to sustain in market and earn good profit.