Markets ended flat on Thursday after an early surge led by banks amid reports of lower provisioning was offset by profit taking in IT majors in late trades.

In the broader markets, BSE Midcap and Smallcap indices ended nearly 0.5% lower. Market breadth turned weak with 1478 losers and 1038 gainers on the BSE.

Institutional investors were sellers on Wednesday with foreign investors net sellers to the tune of Rs 80 crore while domestic institutional investors sold stocks worth Rs 300 crore.