Volatility in Market

The market recovered from its lower levels to end flat in the end trade amid volatility. The market breadth was negative. The mid- cap and small-cap indices declined further. Banking ,metal and realty stocks ended with losses. IT stocks slipped further on rupee concerns. Asian markets ended mixed, while European markets were trading up. Reliance Industries extended gains.

The BSE 30-share Sensex ended down 3.78 points, or 0.02%, to 17,773.36. It had opened with a gap of 54.54 points at 17,779.22 . The Sensex touched an all-time high of 17979.18 in midafernoon trade and a low of 17,708.80 in end trade.

The S&P CNX Nifty closed down 22.8 points, or 0.44%, to 5,185.85. It had hit a high of 5,248.55 in mid afternoon trade, and a low of 5,164.50 in end trade.

Of the 30 shares of the Sensex, seven had moved up, while the remaining were trading down. The market breadth was weak on BSE: 900 scrips had advanced, 1,834 declined, while 348 remained unchanged.

The BSE Mid-Cap index was down 90.76 points, or 1.2%, to 7,485.51 underperforming the Sensex,. The BSE Small-Cap index was down 40.05 points, or 0.44%, to 9,101.87, underperforming the Sensex.

Sectoral indices on BSE displayed mixed trend. The BSE Realty index (down 1.73% to 9,631.36) and the BSE IT Index (down 0.62% at 4,740.27) underperformed the Sensex.

The BSE TecK index (up 0.34% to 3,900.88), the BSE Oil and Gas Index (up 1.09% at 10,190.88), and the BSE Capital Goods Index (up 3.21% at 15,742.79) outperformed the Sensex.

Nifty F&O 25 October contract traded at 5,172, a discount of 13.85 points, or 0.26%, to the spot price of 5,185.85.

The NSE F&O segment clocked a turnover of Rs 64,188.48 crore today, 5 October 2007.