Bourses end flat after remaining volatile

MUMBAI: After remaining volatile throughout the day, the benchmark Sensex ended almost flat with a marginal fall of six points on the Bombay Stock Exchange on Wednesday on heavy selling by funds at the fag-end.

The sensex closed 6.30 points at 13,183.24 after touching the day's high of 13,294.90 and a low of 13,161.21 points.

However, the National Stock Exchange index Nifty was little higher by 14.50 points at 3862.65. It touched a high of 3876.35 and a low of 3844.75 points.

Metal stocks led by Tata Steel, the world's fifth largest steelmaker, rose on a report the company might raise funds
through a rights offer. The metal index gained the most by 330.86 points, or 3.68 per cent at 9330.87.

Tata Steel shares rose by Rs16.30 at Rs511.85, extending a five-day rise on the BSE, ahead of the company's board meeting slated for April 17 to discuss plans to raise funds to purchase UK's Corus Group.