Nifty End Flat at 4856

 The market has shed some of its gains and closed in the Flat. Sensex  at 16237, up 45 points and Nifty is at 4856, up 10 points from the previous close. CNX Midcap index is down 0.52% and BSE Smallcap index is down 0.93%.Budget fear hit our market to loss some of morning gains.

The Realty  index was the major decline(-2.14%)

In the largecap space, Jaiprakash Associates, Hindalco, Tata Steel, HUL and Maruti Suzuki were up 1.6-2.8%. On the losing side, Idea Cellular was down more than 3%. Unitech, DLF, Reliance Infra and Reliance Capital were down more than 1% each.

The BSE IT index was up over 1%. Breadth was bearish - out of over 2,880 scrips traded, over 1,860 declined.