Market ends in green amid volatility: Midcap down; IT up

05 March 2008

The markets managed to close in green amid volatility. However, the broader markets closed in red giving markets negative breadth. Buying was seen in IT stocks followed by metal, oil & gas socks. Banking and power pivotals closed weak. Auto index which was holding out its gains in the falling markets is closed flat today.

Sensex closed up 202.19 points or 1.24% at 16542.08, and the Nifty up 57.15 points or 1.17% at 4921.40.

About 878 shares have advanced, 2102 shares declined, and 67 shares are unchanged.

The BSE Midcap Index ended at 7,114.18 down 1%.

The BSE Smallcap Index ended at 8,809.79 down 1.6%.

The BSE Bankex was down 1.5% at 8,916.03. Bank of India, Union Bank, IOB, Bank of Baroda and Oriental Bank closed in red.