Nifty ends in red as investors sit on sidelines

New Delhi, Mar 26: Nifty traded in negative territory throughout the session to close with a loss of 75 points at 22,021, Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services, has said.

Broader market, however, outperformed with Nifty Midcap and Smallcap 100 up 1 per cent and 0.4 per cent, respectively.

Sector-wise it was a mixed bag with buying seen in realty, oil & gas, and consumer durables.

Shortened trading week, the derivatives monthly expiry along with global economic data to be released this week has kept the investors on the sidelines, he said.

"Overall, we expect the market to consolidate in a broader range, however, buying in a broader market before the financial year-end cannot be ruled out," he said.