Markets Close Flat Amid Foreign Fund Outflows
Rupee appreciates by 7 paise to close at 82.80 against US dollar
Benchmark Sensex and Nifty closed marginally down in a range-bound trade on Wednesday due to profit taking by investors after two straight days of gains amid mixed global trends and foreign fund outflows.
The 30-share Sensex declined 17.15 points or 0.03 per cent to settle at 60,910.28. During the day, it declined 213.66 points or 0.35 per cent to 60,713.77.
The broader NSE Nifty closed lower by 9.80 points or 0.05 per cent to end at 18,122.50.
From the Sensex pack, Bharti Airtel, Axis Bank, Bajaj Finserv, Tata Steel, UltraTech Cement and Tata Motors were the major laggards.
Titan, Mahindra & Mahindra, Power Grid and Maruti were among the winners.
In the broader market, the BSE smallcap gauge climbed 0.45 per cent and midcap index gained 0.23 per cent.
Among sectoral indices, oil and gas advanced 1.26 per cent while energy climbed 1.22 per cent. Utilities (1.18 per cent), power (1.15 per cent), auto (0.70 per cent) and consumer discretionary (0.68 per cent) also closed higher.
Financial Services, telecommunication, bankex, metal and teck were the laggards.
Elsewhere in Asia, equity markets in Seoul, Tokyo and Shanghai ended lower, while Hong Kong settled in the green.
Equity exchanges in Europe were trading on a mixed note in mid-session deals.
Markets in the US ended mostly lower on Tuesday.
International oil benchmark Brent crude declined 0.74 per cent to $83.71 per barrel.
The rupee gained 7 paise to close at 82.80 against the US dollar on Wednesday. PTI
