Nifty ends below 8,200 in a choppy session; smallcaps gain 1%

Broader market continued to outperform with Midcap and BSE Smallcap up 0.61% and 1.03%

Benchmark indices recouped early losses to end the day in positive as banking sector rose on hopes of a pickup in credit growth following cuts in lending rates. Positive cues from global markets also aided the sentiment.
 
In a choppy trade, the indices started the day in red with Sensex falling as much as 107 points during early morning trade but later pared losses and gained 124 points. Nifty also settled the day near 8,200.
 
The investors also eyed the 2-day GST Council meet which will started today. The council met representatives of six crucial sectors, including IT,