Markets end flat; commodity stocks rally

Markets ended flat after profit booking emerged at higher levels tracking weakness in global stocks even as commodity stocks rallied after sharp surge in global pricesThe S&P BSE Sensex ended up 13 points at 24,659 and the Nifty50 ended unchanged at 7,485. The broader markets ended mixed with BSE Midcap down 0.3% and Smallcap index up 0.2%. Market breadth ended nearly neutral with 1,329 losers and 1,319 gainers on the BSE.   Jackpot Stocks Trading Tips 

"Markets have been moving up without much correction in the previous four trading sessions and now profit booking has emerged at higher levels partially because of negative global cues both from Asia and Europe. In the short-term uptrend is seen in commodity stocks tracking global prices," said Alex Mathews, Head of Research, Geojit BNP Paribas Financial Services.Foreign investors were net sellers in equities to the tune of Rs 672 crore on Friday    Commodity Market Astrology Tips

Finance Minister Arun Jaitley on Tuesday announced he was withdrawing a controversial Budget proposal to tax 60% of EPF balances at the time of withdrawal. He also withdrew another proposal to tax  contribution made by an employer beyond Rs 1.5 lakh a year.  However, the proposal to not tax 40 per cent of money withdrawn from national pension system stays. Personal Numerology

BSE Bankex and IT indices ended down 0.5%-1.3% each. However, metal, oil and gas indices trimmed early gains to end 1.5%-1.7% higher.Bank stocks witnessed profit taking after surging 8%-20% last week. Bank of Baroda, SBI, Punjab National Bank, Kotak Mahindra Bank, ICICI Bank, Axis Bank and HDFC Bank ended down 0.6%-4.7% each.     Financial Astrology

IT shares weakened trackign losses in technology shares on the Nasdaq on Monday. Infosys eased 0.6% while TCS ended down 0.1%.Oil shares firm up tracking a rally in global crude oil prices after Brent crude touched a three-month high to touch $39.50 per barrel while US West Texas Intermediate (WTI) futures was higher at $36.53 a barrel.    Share Market Astrology