Sensex ends down,Sun gained due to Q 4 results

Indian Benchmark indices closed down in dull trade today,with activity focused on companies announcing their quarterly numbers.The SENSEX shed 13 points to close at 20147, and the NIFTY ended 7 points down at 6104.Sun Pharma was the star performer among frontline stocks, gaining 7 percent to Rs 1066.10 after reporting better-than-expected fourth quarter numbers.

Large - Cap Gainers

Tata Motors,Coal India,Cipla and Hero Motocorp are key gainers of large caps, rising between 1-3 percent.

Top Losers Of Today Trading

GAIL , ICICI Bank , Tata Steel , Jindal Steel and Sterlite Industries are the main losers, down between 1-2.5 percent.

Midcap Loser

HDIL shares crashed over 7 percent after the company reported a net loss of Rs 280 crore for the March quarter.

Sector wise Gainers/Losers

Pharma and FMCG stocks gained Today.Banking, Metal and Power Stocks are Losers Today s Trading.

Due to global liquidity flows,Market Participants expect the market to be volatile near term.There is still uncertainty over the US Federal Reserve's stance on the monetary stimulus it has been providing in the form of bond purchases from banks

According to the reports that Asian markets most vulnerable to the unwinding of the quantitative easing (QE) by the Federal Reserve.In India, a reduction of QE purchases would be very negative in the short-term, but should bode well over the medium-term,added.

Though deteriorating fundamentals, net capital inflows totaled USD 88 bn in 2012, largely due to global quantitative easing. With the current account deficit likely to be almost USD 100 bn in 2013, a reversal of capital inflows would likely wreak havoc on INR, as financing the current account deficit becomes difficult.

On the fundamental side, this rally will be driven on the back of the recent correction in commodity prices (Oil & Gold), fall in interest rates and continuous efforts by the government to revive growth. The correction in commodities will lead to a cool-off in inflation and lead to deeper correction in deposit and lending rates,the Brokerage report said.