Markets end flat after volatile session

Markets end flat after volatile session
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First Published: Wed, May 07 2008. 04 02 PM IST
Updated: Wed, May 07 2008. 04 02 PM IST
The markets ended the day weak after a volatile session with the benchmark index settling at 17,339 levels, down 0.2% or 34 points.
The 30-share index moved in a broad range of 17,229–17,413 levels in intra-day deals. In broader markets, the Nifty closed at 5,135 levels, slipping a marginal 10 points.
Bharti Airtel continued its slide for the second consecutive day. The stock skidded 3.6% to Rs815 levels by close. BHEL, DLF Limited, Larsen & Toubro, ICICI Bank, NTPC, Tata Motors, State Bank of India and Reliance Energy were among the other key losers.
However, most technology scrips continued to find fresh investor interest. Infosys Technologies, Wipro, TCS, Mphasis, Tech Mahindra and Patni Computer ended firm.
Among sectoral indices, the BSE capital goods index was the worst hit, shedding around 2.2%. The advance-decline ratio was also weak with just 4 advances as against 11 declines in this space. Key losers included Suzlon Energy, Punj Lloyd, Larsen & Toubro, Bharat Electronics, BHEL, Havells India and Kalpatru Power.
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First Published: Wed, May 07 2008. 04 02 PM IST
More Topics: Sensex | Nifty | Markets | Equity | BSE |