Nifty ends in green: Udayan

Udayan Mukherjee, managing editor, CNBC-TV18, says that it was expected to be a range-bound session of trade. The Nifty moved in a 30 point band in the entire session.

Stocks like Hindalco , Bharti, Cipla , Ranbaxy and Dr Reddy's did well. Infosys continues to slide lower. Maruti and L&T did not have very special session.

The breadth was split right down the middle. So, nothing in the midcaps either today, same number of advancing and declining stocks. Some names stood out on the wining side, like Network 18 , Balrampur Chini , Syndicate Bank and some real estate names like HDIL , Unitech and DB Realty did quite well.

Dish TV had an off day. United Spirits was not very strong and PFC and REC also looked slightly subdued. All in all a forgettable session of trade despite the inflation number which came in the middle of the session which was on the higher side, stock markets finally bounced back from early losses and managed to close absolutely flat, though bond yields edged up a little higher a couple of basis points after the inflation numbers came in.

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