Markets end flat amid volatility; IT stocks surge

20 December 2007

The markets traded rangebound through out the day amid volatility today and ended on flat note. It was a low participation day as the traders and investors played with caution before the December F&O expiry. IT stocks were the star performers in todays trade, however the metal, realty and banking stocks remained quite volatile. Capital goods, FMCG and oil & gas and power stocks were the laggards.

Market breadth remained narrow but positive for most part of the day and the volume was relatively lower. It was yet another bad day for the midcaps and smallcaps which underperformed the frontline counters.   

Sensex ended up 70.61 points or 0.37% at 19162.57, and the Nifty closed up 15.35 points or 0.27% at 5766.50. On BSE, about 1265 shares advanced, 1796 shares declined, and 37 shares were unchanged and on NSE, 484 stocks were on the advancing side and 781 stocks were on the downside. BSE midcap index ended in red with 0.6% cut at 9025.54 and BSE smallcap was down 0.86% at 11813.32.

BSE auto index ended in green up 0.28% at 5541.26.

BSE IT index closed with huge gain of over 3.34% at 4320.63.

Metal index was up 0.39% at 18273.