Saturday, August 9, 2008

Mkts end flat; CG, banks, metal stks up, IT, realty down

Markets ended flat after witnessing choppiness in afternoon session. Good buying interest was seen in capital goods, metal, banking and power stocks while selling in technology, realty and select FMCG stocks. Frontline indices had opened on a flat note and remained weak till 2 pm. Since then both indices bounced back and turned into a bit of volatility.

Overall it was a dull session. Lack of buying interest was seen at FII desk. Reliance Industries, Reliance Petroleum and Cairn India were remained under selling pressure. All eyes are on Sebi board meet next week. Even activity in midcap and small cap stocks were relatively lower in todays trade.

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