Markets close flat despite volatility

By IANS

Mumbai : The Indian stock markets showed strength in the second half Wednesday and ended near its Tuesday close despite intra-day volatility of over 500 points, thanks to buying in energy, bank, metal and realty sectors.


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The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) closed marginally down by 8.93 points or 0.05 percent at 18,483.91. The broader S&P CNX Nifty index of the National Stock Exchange (NSE) closed at 5,482 gaining a marginal 8.95 points or 0.16 percent.

The broader markets outperformed the benchmark indices. The mid-cap index surged by 1.6 percent and the small-cap index was up by 1.3 percent. The breadth of the market remained positive by 55 percent.

There was robust participation in the mid-cap and small-cap spaces. The mid-cap index gained 83.28 points or 1.10 percent and ended at 7,639.52.

Among the top gainers on the Sensex were Reliance Energy at Rs.1,656 up by 8.75 percent, Suzlon at Rs.1,856 with a gain of 7.11 percent and Reliance Petroleum at Rs.190 with a gain of 6.17 percent.

Top losers on the Sensex were ONGC, losing a lot of ground by 3.75 percent and closing at Rs.1,101, GAIL at Rs.394 down by 3.56 percent and Hero Honda at Rs.738 down by 2.86 percent.

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