Market: Indices

It was another sluggish and flat session for markets with Sensex and Nifty ending marginally in green. The Asian cues were largely positive, Shanghai saw some wild swings but ended in green. Rest of Asia also did well for itself. Selective buying was seen in telecom, technology, capital goods and banking stocks.The BSE midcap index ended marginally higher than the frontline indices and the BSE smallcap index ended inline with Sensex.

In the telecom sector MTNL and VSNL ended higher. Capital goods stocks like Suzlon, BEML, Crompton ended strong.

The IPO space was on fire with Nitin Fire Protection had a bumper opening with 75% premium and closed up 163% at Rs 501.

NIIT declared its FY07 numbers, bonus issue and stock split. The stock ended up over 8.6%.

Sensex is up 39.24 points or 0.27% at 14535.01, and the Nifty up 17.60 points or 0.41% at 4284.65.

About 1295 shares have advanced, 1260 shares declined, and 71 shares are unchanged.