Market ends flat amid volatility: Breadth negative

18 March 2008

Markets ended flat amid a highly volatile session. Sensex opened flat and moved higher later but again slipped and was off nearly 400 points from day's high and Nifty was off 90 points. NSE advance:decline ratio was at 3:8. CNX Midcap was down 1.9% from the highs. Sensx failed to sustain above 15,000 mark and Nifty couldn't sustain above 4,600 levels.

Midcap stocks were a major disappointment in today's session and Nifty Junior ended deeper in the red. Buying support from realty, FMCG, pharma, capital good stocks. However, selling pressure was seen in bank, metal, oil stocks.

Sensex closed up 23.97 points or 0.16% at 14833.46, and the Nifty up 29.90 points or 0.66% at 4533.00.

About 874 shares have advanced, 2104 shares declined, and 80 shares are unchanged.

The BSE Midcap Index ended at 6,031.91 down 1.5%.

The BSE Smallcap Index ended at 7,357.50 down 2%.