The Indian markets on Wednesday ended flat amid the volatile session. The 30-pack S&P BSE Sensex ended up in the red at 55,944.43, down 14.77 points or 0.03 per cent and the blue-chip NSE Nifty50 index ended at 16,634.50, up 10.10 points or 0.6 per cent.

However, at close, other indices such as Nifty Midcap, Nifty Bank, Nifty Financial services ended in red shedding gains between 0.1-0.4 per cent. On the Nifty50, out of 30 stocks, 19 shares advanced, 31 declined. Adani ports, HDFC Life, Hindalco, ONGC, Coal India were the top gainers on Nifty50. On the flipside, Bajaj Finserv, Titan and Maruti were laggards.

“Domestic equities traded in a range bound today ahead of F&O expiry. Barring IT, metal and FMCG, most sectoral indices turned red towards the final session of the day. However, small cap stocks were in focus today with strong buying was seen in number of quality names. Additionally, investors continued to remain upbeat on IT stocks in the backdrop of sustained earnings visibility. Further, investors seem to be lapping-up FMCG stocks today. Volatility index surged over 2%. Adani Ports, HDFC Life, ONGC and Hindalco were among top Nifty gainers, while Bajaj Finserv, Titan, Maruti and Bharti Airtel were laggards,” Binod Modi, head strategy at Reliance Securities said.