Bulls remain silent consecutively for second day; Sensex, Nifty end on flat note

Bulls remain silent consecutively for second day; Sensex, Nifty end on flat note After a highly volatile session, the BSE-benchmarked Sensex finally settled the day on a flat note, consecutively for second day.

The BSE Sensex closed marginally lower by 4.01 points or 0.03% at 14,870.90 while NSE Nifty closed marginally up by 5.45 points or 0.12% at 4,530.70. The BSE Sensex touched intraday high of 15,046.43 and intraday low of 14,733.59.

Futher, BSE Mid Caps and Small Caps Indices also closed their trading session with gains of 78.86 and 131.94 points at 5,325.54 and 6,384.92 respectively.

The domestic stock market opened on Wednesday at higher side, and in few minutes of trading, it crossed the psychological 15,000 mark on sustained buying support.

But during afternoon trading hours, the market turned volatile and fell into the negative territory ahead of weak opening of the European markets and lower US index futures.

However, the market made a smart recovery in the final trading hours to pare most of the losses on heavy buying across different sectors.

On sectoral front, investors were seen on-loading their position across the sectors led by FMCG, Consumer Durables, Health Care and Metal while Bankex and IT index witnessed heavy selling from their baskets.

The gainers from the BSE Sensex pack were Hindalco Inds (6.09%) followed by ITC (5.76%), JP Associates (4.53%), Grasim Inds (4.38%), ACC (4.38%) and Reliance Comm (4.24%).

The losers from the BSE Sensex pack were Mahindra & Mahindra (3.85%), Infosys Tech (2.16%), SBI (1.90%), ICICI Bank (1.74%) and HDFC bank (1.71%).