Sensex, Nifty End Little Changed; PSU Banks, Metals Hold Gains
A Volatile Trading Session
Indian equities ended little changed after failing to sustain at higher levels, led by a cool-off in private banks along with FMCG and Auto stocks.
The S&P BSE Sensex ended 35 points higher at 50,441 while the NSE Nifty 50 index ended with gains of 20 points at 14,956. Benchmarks managed to register gains after consecutive days of losses.
Among the sectoral indices, PSU Banks were the outperformers with the index ending with gains of 1.6%. The Nifty Media index ended 1% higher while the Metal index gained 0.8%.
Both Nifty I.T. and the Nifty Pharma index cooled off from their respective day's high to end with gains of close to 0.5%.
The Nifty Realty index was the top sectoral laggard, ending 1% lower, while the FMCG index fell 0.5%.
Broader markets ended with bigger gains as compared to the benchmark indices. The Midcap index rose 0.3% while the Smallcap index ended 0.4% higher.
The India Volatility Index fell 3.5% to end at 24.68.