New Delhi, July 17 -- Continued volatility is taking its toll on the sentiment. With the bias oscillating quite viciously, we need to stay light but keep participating as the trends are indicating a potential to the upside but is waiting for the right trigger.

Indian equity benchmarks ended flat on 16 July after a volatile session. The Sensex closed marginally higher at 77,186.87, while the Nifty slipped 5.75 points to 24,072.75. Early gains driven by IT and select heavyweights faded as profit booking and weak global cues weighed on sentiment. Broader markets underperformed, with the Nifty Midcap 100 down 0.4% and Smallcap 100 largely unchanged.

TANLA (Cmp 588.30)

TANLA: Buy above Rs.590, stop Rs.563 target Rs.645 (Multiday)

ZYDUSWELL...