BSE SENSEX and NIFTY traded in a tight range bound session on MONDAY and ended flat after touching an intraday high 5302. Markets are looking for a fresh trigger to extend the rally as it surged almost 2 percent on FRIDAY after European Union leaders agreed to bring the borrowing cost down with in immediate action and Indian government issued the GAAR guidelines. However positive opening of European markets helped NIFTY to touch 5300 level for intraday. The pressure was created by Cigarette major ITC, Steel major JINDAL STEEL and Auto giant TATAMOTORS as tanked more than 2 percent each while index heavy weight State Bank of India, HDFC Bank, TCS and Bharti Airtel climbed 1-2 percent on the session.
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