The market ends on a flat note. Sensex closed at 19,817 up 79 points (provisional) and Nifty at 5960 up 20 points (provisional) from the previous close. The BSE Midcap closed in the negative and BSE Smallcaps in the positive. The market breadth was just about positive with advances at 683 against declines of 538 on the NSE.

In the midcaps the steel stocks Ispat and Visa Steel seem overbooked, says E Mathew, technical analyst, on CNBC TV18. Visa Steel could even go down to Rs 42-44, don't exit the stock but book partial profits, he adds. The stock is currently trading at Rs 55, down 0.5% on the BSE.

Today's closing unlikely to change the direction of the market that is positive, says Dipan Mehta, BSE/NSE Member, on CNBC-TV18. The market is expected to scale up and the laggards are catching up, he adds. Sound fertiliser and media stocks can be accumulated on dips