Sensex ends flat

The Sensex ended on a flat note with positive bias. Realty, banking, capital goods, auto and power led the advances, while IT stocks hit the most. Even secondline stocks supported the sentiment. After a stupendous rally yesterday and hitting two upper circuit in single day, markets surged at open with a gain of 473.61 points, at 14,757.82 on Tuesday. Within few seconds it slipped into the negative touching a low of 13,834.13 as profit booking sets in. Later, the index bounced back into the positive amid volatility.

Further, the Sensex gained further strength in the noon trades, touching a high of 14,930.54 as investors witnessed buying spree in index heavyweights. However, it lost all its strength and again fell into the negative at late trade to close flat.

The BSE Midcap and Smallcap index surged 3.60% and 2.52% respectively.

Among the sectoral indices, BSE Realty zoomed 12.80%, Bankex and Capital goods soared over 6% each, Auto, Power and Metal jumped over 3% each, while IT plummeted 10.10% and FMCG dropped 4.12%.

The Sensex ended the day with a gain of 17.82 points, or 0.12% at 14,302.03 after touching a high of 14,930.54 and a low of 13,834.13. The broad-based NSE Nifty declined 4.70 points, or 0.11% at 4,318.45 after hitting a high of 4,509.40 and a low of 4,167.65.

Major gainers in the 30-share index were Reliance Capital (22.93%), DLF (19.36%), State Bank Of India(11.19%), Reliance Communications (10.54%), Grasim Industries (9.50%), and Mahindra & Mahindra (9.03%).

On the other hand, Infosys Technologies (11.65%), Wipro (9.13%), Tata Consultancy Services (8.15%), Ranbaxy Laboratories (6.40%), ITC (5.63%), and Reliance Industries (5.25%) were the major losers in the Sensex.

Overall market breadth was extremely positive. Out of the total 2,714 stocks traded at BSE, 1,927 advanced, 739 declined while 48 remained unchanged.