Market ends flat amid volatility: Oil up; cap goods down

01 April 2008

The markets ended the day flat after an extremely volatile session.  Even Asia had a very choppy session after opening in positive they lost steam to close mixed. Nifty was hovering around the 4,700 mark. Buying was seen in select oil, IT and FMCG stocks.

However, dragging the markets down were bank, capital goods,metal and power stocks. Midcap index ended in red down 0.6% inline with the Sensex. The BSE smallcap index ended flat.

BSE Capital goods index was down 3%. BHEL and L&T plunged. BSE power, bank, metal and auto indices were down over 1% each.

BHEL, L&T, M&M, Tata Steel, HDFC Bank, SAIL, Bharti Airtel, Wipro were among the top losers.

Among the frontliners gainers were HUL, TCS, Hindalco, BPCL, ONGC, Cairn, ONGC, Suzlon Energy.

Sensex closed down 17.82 points or 0.11% at 15626.62, and the Nifty up 5.05 points or 0.11% at 4739.55.