Markets end flat: Midcaps, metal, realty outperform; IT down

27 March 2008

The markets ended the day on a flat note amid a choppy and a rangebound session on the F&O expiry day. The broader markets were relative outperformers. The cues were not very encouraging as most of the indices closed in red with modertae losses.

FMCG, metal, realty stocks outperformed. Realty sector was up nearly 3% followed by metal and FMCG . But selling pressure is seen in bank, power, IT stocks.

But the markets in March series have seen steep fall; with Nifty down 8.4%. SBI, Tata Steel among the top losers.

Sensex closed down 71.27 points or 0.44% at 16015.56, and the Nifty up 1.40 points or 0.03% at 4830.25.

About 1607 shares have advanced, 1383 shares declined, and 72 shares are unchanged.

The BSE Midcap Index ended flat at 6,276.26.