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Sensex, Nifty end flat; RIL, HDFC twins come to rescue

Sensex, Nifty end flat; RIL, HDFC twins come to rescue

ONGC was the top loser in the Sensex pack, shedding around 4 per cent, followed by NTPC, PowerGrid, M&M, Nestle India, SBI and HCL Tech

In the Sensex pack, 18 shares suffered losses and 12 ended with gains In the Sensex pack, 18 shares suffered losses and 12 ended with gains

The BSE Sensex staged a smart recovery to end in the positive terrain after diving over 722 points during the session on Friday, as heavyweights Reliance and HDFC duo saved the day for the benchmark.

After swinging over 985 points during the day, the BSE gauge ended 21.12 points or 0.04 per cent higher at 52,344.45.

On the other hand, the broader NSE Nifty slipped 8.05 points or 0.05 per cent to close at 15,683.35. Intraday, the index touched a high of 15,761.50 and a low of 15,450.90.

In the Sensex pack, 18 shares suffered losses and 12 ended with gains.

ONGC was the top loser in the Sensex pack, shedding around 4 per cent, followed by NTPC, PowerGrid, M&M, Nestle India, SBI and HCL Tech.

On the other hand, HUL, Bajaj Auto, Bharti Airtel, Bajaj Finserv and IndusInd Bank were major gainers. Index heavyweights Reliance Industries as well as HDFC Bank and HDFC too logged gains helping the Sensex end in the green.

Sectorally, power, utilities, metal, oil and gas, basic materials and realty indices fell up to 2.77 per cent.

While, BSE telecom, FMCG and consumer durables indices ended with gains.

Broader midcap and smallcap indices dropped up to 0.89 per cent.

During the week, the Sensex declined 130.31 points or 0.24 per cent, while the Nifty fell 116 points or 0.73 per cent.

"The market continued to be in the consolidation phase witnessing broad-based selling, taking cues from the Fed policy and mixed global markets. US bond yields have cooled off from its high as global markets seem to have digested the latest Fed comments, said Vinod Nair, Head of Research at Geojit Financial Services.

China's plan to sell metal reserves to check recent price hikes has pulled down the sector's sentiments, he added.

Elsewhere in Asia, bourses in Hong Kong and Seoul ended on a positive note, while Shanghai and Tokyo closed lower.

Stock exchanges in Europe were largely trading with losses in mid-session deals.

International oil benchmark Brent crude was trading 0.73 per cent lower at USD 72.55 per barrel.

On the domestic forex market front, the rupee ended 22 paise higher at 73.86 against the US dollar.