Stock Market Close Flat—Reliance Up

The market has seen consolidation on Friday after rising for last five consecutive sessions on short covering. The Sensex fell 5.83 points to 28879.38 and the Nifty gained 2.05 points at 8780.35.

However, the broader markets remained favourite for buyers as the

BSE Midcap gained 0.4 percent and Smallcap rallied 1.1 percent. About 1641 shares have advanced, 1181 shares declined, and 173 shares are unchanged.

Index heavyweight Reliance Industries gained 1 percent today, continuing upmove for the fourth consecutive session. The stock rallied 10 percent in four days.  

Shares of Idea Cellular, Sesa Sterlite, NMDC, IDFC, SBI and Dr Reddy's Labs supported the market, up 1-4.5 percent. However, Cipla, Hindalco, HDFC Bank, HDFC, ICICI Bank, Lupin and Tech Mahindra fell 1-3 percent.
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