Markets ends flat: Nifty slips below 5,000 mark

24 April 2008

It was a choppy day of trade for the makets, it was calm for major part of the day but volatility creeped in the final hour of trade. It finally ended flat on the F&O expiry day. Nifty slipped below the 5,000 mark. Buying support was seen from select IT and FMCG stocks. Technology, realty, capital goods, telecom and banks stocks ended flat. Metals, Power, and oil stocks closed weak. Broader markets slipped and closed in red. The breadth was sticky in favour of declines.

On the global front, Asian markets ended mixed and European markets were trading weak.

In the April series Nifty was up 3.6%; broader markets showed good performance in April series after extremely weak sessions of January and February and a flat session of March.

Sensex closed up 23.04 points or 0.14% at 16721.08, and the Nifty down 22.95 points or 0.46% at 4999.85.

About 1329 shares have advanced, 1542 shares declined, and 207 shares are unchanged.

The BSE Midcap Index ended at 7,004.40 down 1%.