Sensex, Nifty End Flat; Banking Stocks Recover From Day’s Low
Closing Bell: A Subdued Session
Indian equity markets ended a volatile and rangebound session little changed, but with a positive bias.
The S&P BSE Sensex ended 0.16% higher at 38,417 while the NSE Nifty 50 index ended 0.2% higher at 11,355.
Overnight cues will be absent for tomorrow as the U.S. Markets are shut on account of a holiday.
Among sectoral indices, the Nifty Bank index recovered nearly 250 points from the day's low during the final minutes of trade to end little changed.
Nifty Realty was the top sectoral laggard, ending 1% lower while most other sectoral indices ended flat.
Nifty I.T. and Nifty FMCG were the top sectoral gainers, ending 0.6% higher each.
The midcap index underperformed the benchmarks in today's session, ending 0.9% lower while the smallcap index ended flat.
India Volatility Index ended 2.5% lower at 21.59.
Market breadth remained in favour of the laggards. 740 stocks on the NSE ended with gains while 1,091 posted losses.