Market Wrap: Sensex, Nifty End Flat; Smallcaps Shine, Midcaps Struggle

Indian stock markets closed flat on March 7, with Sensex and Nifty seeing minimal movement amid volatility. The Nifty 50 ended at 22,552, while the Sensex slipped slightly.

Key Market Highlights:

📈 Smallcaps Outperform: BSE Smallcap index gained 1.5%, while Midcap index slipped 0.3%.

📉 Sectoral Trends:

• Losers: IT, Power, Realty, and Consumer Durables fell 0.5-1%.
• Gainers: Capital Goods, Energy, Metal, and Media rose 0.5-1%.

🔝 Top Gainers: Reliance Industries, Nestle, Bajaj Auto, Bharat Electronics, and Hindalco.
🔻 Top Losers: IndusInd Bank, NTPC, Shriram Finance, Infosys, HCL Tech, and Power Grid Corporation.

Sector Performance:

🏆 Best Sector: Nifty Metal (+0.43%)
📉 Worst Sector: Nifty IT (-0.85%)

Brokerage Calls:

• Phoenix Mills remains the top pick in real estate (Citi).
• Buy: Oberoi Realty & Prestige Estates.
• Neutral: DLF.
• Sell: Sobha.

Markets remain volatile ahead of global cues—stay tuned for further updates! 📊📢