Sizzling stocks cool,Nifty ends flat

The session commenced on a quiet note amidst choppiness with key-index moving in a narrow range for some time,before bouts of profit-booking in financial,banking and IT which was the frontrunners in recent rally.

The market made several attempt to break the downward trend through bouts of see-saw trade,but succumbed to selling.

Select heavy weights from financials,capital goods,FMCG,steel and realty counters witness strong buying helping the market to cap the fall.

8220;Yesterday8217;s strong rollover on Famp;O expiry clearly indicated the confidence traders have,and today8217;s correction is not to be noted,as we hope the liquidity driven rally will continue,8221; traders said.

PNB stock,HCL Tech,NTPC stock,SBIN,Kotak Bank,Tata Power,Reliance,ICICI Bank,Hindunilever and Dr Reddy8217;s were the top losers from the Nifty.

However,Reliance Capital,IDFC,Reliance Communications,JP Associates,Power Grid,BHEL,Grasim,Hindalco,Sesa Goa and R Power recorded smart gains.

Total turnover in cash segment dropped to Rs 11,691 crore from Rs 19,337 crore yesterday. A total of 6,664.50 lakh shares changed hands in 56,11,859 trades. The market capitalisation stood at Rs 67,31,138 crore.