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NIFTY

* Nifty traded dull and ended almost unchanged amid mixed cues.

* After the initial downtick, it spent the entire day in a narrow band however the tone was on the positive side, thanks to buying in select index majors.

* Among the sectoral pack, auto, energy and select PSU banks were in the limelight while defensive viz. pharma and FMCG traded subdued.

BANK NIFTY

* BankNifty traded in tandem with the benchmark and closed almost unchanged.

* Uptick in the PSU pack kept the traders busy while private banking majors traded mixed.

* It crossed the critical hurdle at 42900 but couldn’t sustain. Consolidation to continue.

* We reiterate our view to stay selective and avoid aggressive trades until it decisively closes above 42,900.

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