Nifty ends flat in choppy trade; metals rally

The benchmark Nifty ended flat in choppy trade, as buying in banking, metal and financials supported the index to hold the key 7,900-level to gain a marginal 0.05 points and finish flat at 7,914.75.
The stock momentum briddled by intense volatility amid absence of viable direction with lower Asian and European markets driven by fresh crude slide, also weaker-than-expected margins in Q4-results by country's largest IT exporter Tata Consultancy Services (TCS).
The index see-sawed between gains and losses as a rally in metal, banking and financials stocks lifted the sentiments, while profit-booking in IT, Auto, FMCG dragged down the indices.

Meanwhile, the broader midcap and smallcap companies shares ended with substantial gains.
The 50-share index resumed higher at 7,950.05 and hovered between a high of 7,950.40 and a low of 7,877.55 before ending almost flat at 7,914.75, showing a mere gain of 0.05 points, or 0.00 per cent.
Stockwise major gainers were Tata Steel rallied by 6.53 per cent, Hindalco 4.89 per cent, Axis Bank 3.11 per cent, Bank of Baroda 3.07 per cent, GAIL 2.28 per cent, Wipro 2.15 per cent, Coal india 1.03 per cent and L&T 1.03 per cent.

Notable losers were IDEA 3.15 per cent, TCS 2.75 per cent, Infratel 2.63 per cent, Reliance 2.58 per cent and zeel 1.93 per cent.

Turnover in cash segment jumped to Rs 20,538.01 crore compared to Rs 18,723.74 crore on Monday.
A total of 10,879.76 lakh shares changed hands in 90,57,180 trades. The market capitalisation of the NSE stood at Rs 95,93,559 crore.