Nifty ends flat as broader market sees sharp sell-off; Sensex falls 36 pts

The Benchmark indices ended little changed but the broader markets witnessed sharp sell-offs on Tuesday, amid investor aversion to financial stocks.

Ratings downgrade of Anil Ambani group firms, YES Bank’s surprise March quarter loss, and fears of liquidity tightening and more defaults by housing finance companies all led to panic among investors

The Nifty fell 6 points to end at 11,748 but the Nifty Midcap 100 index fell 0.91 per cent and the Nifty Smallcap 100 index declined 1.5 per cent. The Sensex ended 36 points, or 0.1 per cent lower at 39,032, after dropping as much as 314 points. 

Market experts said the