Market ends flat: Energy up; bank, pharma, IT down

03 January 2008

The markets ended the day flat with a negative bias. Nifty ended flat and Sensex closed in red with aloss of over 100 points. Buying support was provided by energy stocks from oil & gas energy space. Oil and gas pivotals like ONGC and Reliance Petroleum were among the top gainers. Power major NTPC and Reliance Energy were the top gainers. However, IT, pharma, auto, bank and FMCG stocks ended weak.

Sensex was down 120.10 points or 0.59% at 20345.20, and the Nifty down 0.85 points or 0.01% at 6178.55.

About 1597 shares have advanced, 1307 shares declined, and 20 shares are unchanged.

The BSE Midcap Index ended flat at 10,056.87.

The BSE Smallcap Index ended flat at 13,896.71.

The BSE Bankex was down 1.7% at 11,670.48. Kotak Mahindra, ICICI Bank, Centurion Bank, IOB, Allahabad Bank moved downwards.