Mkt ends flat amid volatility: Oil up; cap goods down

The markets ended the day flat after an extremely volatile session.  Even Asia had a very choppy session after opening in positive they lost steam to close mixed. Nifty was hovering around the 4,700 mark. Buying was seen in select oil, IT and FMCG stocks.

Mkts witness volatility: Oil, FMCG up; cap goods down

The markets are trading flat amid volatility and a highly choppy session. Asia had a very choppy volatilie session after opening in positive they lost steam to close mixed. Nifty is hovering around the 4,700 mark with moderate losses. Buying is seen in select oil, IT and FMCG stocks.

However, dragging the markets down are bank, capital goods,metal and power stocks. Midcap index is trading in red down 1% inline with the Sensex. The BSE smallcap index has held out and is also trading in red down 0.5%.

1:44 pm: The markets have shown some recovery and are trading flat amid volatility. Asia had a very choppy volatilie session after opening in positive they lost steam to close mixed. Nifty is hovering around the 4,700 mark with moderate losses. Buying is seen in select oil, IT and FMCG stocks. However, dragging the markets down are bank, capital goods,metal and power stocks. Midcap index is trading in red down 1% inline with the Sensex. The BSE smallcap index has held out and is also trading in red down 0.5%.

BSE Capital goods index is down 3%. BHEL is down 8% and L&T is down 6%. BSE power, bank, metal and auto indices are down over 1% each.

12:13 pm: The markets are trading in red amid a volatile session on selling pressure seen in scrips across sectors. Nifty has slipped below the 4,650 mark down nearly 100 points. Sensex is down nearly 300 points. Dragging the markets down are bank, capital goods,metal and power stocks. However, FMCG and oil indices are trading flat.

11:28 am: The markets have slipped in red amid a volatile session. Nifty is hovering around the 4,700 mark with moderate losses. Buying is seen in select oil, IT and FMCG stocks. However, dragging the markets down are bank, capital goods,metal and power stocks.

Midcap index is trading in red down 0.5% inline with the Sensex. The BSE smallcap index has held out and is trading marginally in green up 0.3%.

Asia markets were trading mixed with Japan's Nikkei up 1.38% and Hong Kong's Hang Seng gained 1.69% but China is down 3%.

Among the frontliners gainers were HUL, TCS, Hindalco, BPCL, ONGC, Cairn, ONGC, Suzlon Energy.

BHEL down 6.5%, L&T down 3.2%, M&M, Tata Steel, HDFC Bank, SAIL, Bharti Airtel, Wipro were among the top losers.

10:45 am: The markets are trading flat amid choppiness. The breadth has been held out in the favour of advances as the broader markets have outperformed the benchmark indices. Asia markets were trading mixed with Japan's Nikkei up 1.38% and Hong Kong's Hang Seng gained 1.69% but China is down 4%. Buying support from power, metal, oil, auto and capital goods stocks. Buying support is seen from oil, auto and capital goods stocks.

On the macroeconomic front, Government has announced various measures to control inflation; banned rice exports. They scrapped import duty on crude edible oil; duty on refined edible oils cut to 7.5% and advised steel companies to observe restrain w.r.t prices. RBI also said that they will take any action to control inflation.

9:56 am: The markets have opened higher following positive cues across the globe and buying support from power, metal, oil, auto and capital goods stocks. Government's move to control inflation is also supportive for the markets.

At 9:57 am, the Sensex was up 170 points at 15814 and the Nifty up 40.85 points at 4775. The CNX Midcap was up 48 points at 6289.

Sun Pharma, HDFC, SAIL, Rel Petroleum, DLF, Maruti, Tata Power, Siemens, Hero Honda and Reliance Energy were gainers.

Aptech has gained 5% in morning trade on its strong fourth quarter numbers. It has posted net profit of Rs 40 lakh as against Rs 14 lakh QoQ.

Asian markets were trading firm. Japan's Nikkei added 1.38% or 172.45 points at 12,697.99. Hong Kong's Hang Seng gained 1.69% or 386.59 points at 23,235.79. Singapore's Straits Times adnaved 1% or 30.20 points at 3,037.56. South Korea's Seoul Composite was up 0.66% or 11.17 points at 1,715.16.

However, Taiwan's Taiwan Weighted was down 0.10% or 8.68 points at 8,563.91.

US markets ended higher on the last day of the first quarter after a plan for regulatory overhaul raised hopes for calmer financial markets. Dow Jones industrial average added 46.49 points, or 0.38%, to 12,262.89. The S&P 500 index rose 7.48 points, or 0.57%, to 1,322.70, and the Nasdaq composite index gained 17.92 points, or 0.79%, to 2,279.10.