Mumbai, Ju1 9 (UNI) The bencmark index of Bombay Stock Exchange

(BSE) ended steady on Tuesday at 38,730.82, up by just 10.25 points,

on subdued buying in Energy, Telecom and Power stocks amidst muted

cues from Asian peers over dim hopes of a rate cut by the US Federal

Reserve.

The Nifty of National Stock Exchange (NSE) too eased by 2.70 points

to 11,555.90.

Market remained volatile throughout the day today as investors

looked for clarity on issues of taxation on share buyback.

Furthermore, waning rate cut hopes from the US Fedral Reserve dented

sentiment across Asian markets.

The Sensex went up by 34 points to 38,754.47 in early trade, but it

immediately went in red and remained in negative zone for most part

of the day before it recovered slightly in late trade and ended flat

at 38,730.82, increasing marginally by 10.25 points compared with

its last close.

It swung wildly in the range of 38,814.23 and 38,435.87 points,

during the day.

The paltry gains in sectoral indices like Energy, Health Care, Oil &

Gas, Power and Realty supported the market sentiment today, along

with scrips of Bajaj Finance, Sun Pharma, HeroMoto Corp, L&T and

Reliance Industries.

The broader markets outperformed the Sensex, as the S&P BSE Mid-Cap

index edged higher by 0.63 per cent and the Small-Cap by 0.05 pc,

respectively.

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