 "Market remains flat on lack of direction")
Markets opened flat giving a fairly sluggish start to the week. Sensex opened at 16,812. Market lost about 100 points on European market opening, which it recovered later but remained flat in the last one hour of the trade.
Among the big losers today, most noticeable was Pantaloons, down 13 percent at Rs 118, on the news of FDI in retail being put on hold.
CESC and JSW Steel were among the other losers, falling 4-5 percent. Titan, RCF, HCL, Reliance Power fell 2 percent each.
Nifty is above the 5000 mark and should see some consolidation for now. World markets will be tracking the 9 December meeting before a definite trend is visible.
Ashok Leyland came out with a good set of numbers which led to 6 percent rise in the stock.
Among the other stocks, Shreeram Transport touched all-time high. Pipavav, Sun TV, Adani, IFCI and Emphasis gained over 3 percent.
There is, however, no clear central theme in the market. For instance, retail sector was reeling under negative news but Shoppers Stop closed 4 percent up.
Oil and gas shares closed flat. BSE metals index was down 1 percent, FMCG was down 0.7 percent. Power shares saw some buying while capital goods stocks also gained.
More for on today’s market performance, listen to our market wrap below:
 "Sensex, Nifty crash wipes out Rs 6 lakh crore investor wealth: Why are markets suddenly falling?")
 "Add to Cart: How Amazon is making buying cars on its site possible")
 "Indian stock market at record high; Sensex hits 64,000-mark, Nifty surpasses 19,000 points")
 "MRF shares hit Rs 1 lakh mark: Why is it not the most expensive stock?")
 "Sensex, Nifty crash wipes out Rs 6 lakh crore investor wealth: Why are markets suddenly falling?")
 "Add to Cart: How Amazon is making buying cars on its site possible")
 "Indian stock market at record high; Sensex hits 64,000-mark, Nifty surpasses 19,000 points")
 "MRF shares hit Rs 1 lakh mark: Why is it not the most expensive stock?")