Sensex ends flat in high volatility

The Sensex ended flat after high volatility as investors booked profits in the last 30 minutes.

The Bombay Stock Exchange 30-share bellwether ended flat on Thursday after high volatility as investors booked profits in the last 30 minutes.

The market alternatively moved in positive and negative terrain throughout and fell sharply at the fag end even as inflation rose marginally to minus 1.21 per cent and European markets slipped in early trade after a three-day surge.

Fluctuating in a range of 14,493.10 and 14,169.58,the BSE barometer ended the day at 14,250.25,showing a fractional downside variation from its previous close.

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Initially,the market hit an intra-day high on the back of firm Asian cues and positive FII activity.

Asian indices ended the day higher by about 0.5 per cent to 1.0 per cent on encouraging US manufacturing data.

Foreign institutional investors turned net buyers after their massive pull-out in the initial two weeks of July. They bought shares worth Rs 342.69 crore on July 14 and 15,as per provisional data on the NSE.

Smallcap and midcap stocks,however,closed in the green with the respective indices gaining 0.39 per cent and 0.24 per cent.

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Brokers,however,said the market is still bullish and expected to surge on the flow of corporate earnings. Infosys Technologies and HDFC Bank so far have announced encouraging first-quarter results.

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