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Sensex, Nifty trade flat; Tata Motors falls

Sensex, Nifty trade flat; Tata Motors falls
The Sensex and the Nifty were trading flat in line with a subdued trend across global markets. The Sensex was trading higher by 88 points, while the Nifty was higher by 22 points.

Among the notable losers in trade was Tata Motors which fell, following a weak data on number of vehicles sold.

Ashok Leyland, another heavy commercial vehicle maker also fell along with Tata Motors. Nifty stocks that declined in trade were ICICI Bank, Larsen and Toubro, Punjab National Bank and Sesa Sterlite.

Nifty stocks that rallied in trade were Tata Steel, Gail, TCS and Reliance Industries. Among the smaller stocks MT Educare rallied more than 6 per cent following a large block deal in the company. Reliance Communications fell more than one per cent following a weaker than expected numbers from the company.

Banking stocks which have been in the limelight recently dropped in trade with notable losers being some of the PSU banking names like Andhra Bank, Bank of Baroda and Union Bank.

Mid cap stocks were having a good run with the likes of Aurobindo, HPCL, Jain Irrigation and Reliance Capital among the gainers.

Steel stocks which fell sharply on Friday ended the day lower. Among the winners from the sector were Tata Steel, Sesa Sterlite and JSW steel.

Meanwhile, markets across Asia were trading with significant losses with the Hong Kong's Hang Sang, Singapore's Strait Times and the Shanghai Composite down in trade.

Story first published: Monday, May 5, 2014, 9:36 [IST]
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