The benchmark indices pared morning gains to end flat with the Nifty settling below 10,100 on Thursday after data showed that the wholesale price index (WPI)-based inflation rose to 3.24% from a year ago, its fastest pace in four months, driven by higher prices of food and fuel products. Unsteady movements in the oil marketing company stocks, with uncertainties prevailing over the fuel prices kept markets volatile early in the day, but strength in midcaps kept market sentiments buoyant. The late surge in PSUs is suggestive that investors are expectant of the speeding process of NPA resolution and anticipating news on the consolidation of PSU banks, sooner than later.The breadth, indicating the overall health of the market, remained neutral. On BSE, 1,311 shares rose and 1,304 shares declined. A total of 152 shares were unchanged. Broader markets outperformed with the BSE Midcap and the BSE Smallcap indices adding 0.6% each. The Sensex ended at 32,241, up 55 points, while the broader Nifty50 closed at 10,086, up 7 points.
Best Nifty Buy Tips for Tomorrow (15th September) – Expert Prediction
CALL : BUY IBVENTURES ABOVE 289 TARGETS 293.2 , 297.4 , 301.6 STOPLOSS 280.6
CALL : BUY ASAHIINDIA ABOVE 438 TARGETS 444 , 450 , 456 STOPLOSS 426
CALL : BUY KIRIINDUS ABOVE 429 TARGETS 435 , 441 , 447 STOPLOSS 417