Mumbai, Sept 5: Benchmark stock indices Sensex and Nifty closed unchanged after a volatile session on Friday as gains in oil & gas and auto shares were offset by losses in IT and FMCG shares.
After a volatile trade, the 30-share BSE Sensex closed lower by 7.25 points or 0.01 per cent at 80,710.76 with 14 of its components ending with gains and 16 with losses.
In a see-saw trade, the barometer opened higher but slipped into the red in late morning deals. It hit a low of 80,321.19 in the afternoon session before paring losses in the pre-close session. The index gyrated 715.37 points between the day’s high and low.
The 50-share NSE Nifty eked out gains of 6.70 points or 0.03 per cent to close at 24,741.
Among Sensex firms, Mahindra & Mahindra climbed 2.34 per cent, followed by Maruti which climbed 1.70 per cent. Power Grid, Reliance Industries, Bharti Airtel and Eternal also were also among the gainers.
However, ITC, HCL Tech, Tata Consultancy Services, Tech Mahindra and Infosys were among the laggards.
“Indian equities ended flat today, but sentiment stayed mildly positive as key indices rebounded from intra-day lows on buying at support levels. The auto sector continued to extend gains on expectations of a demand revival.
“Global cues also lent support, with US and Asian markets trading higher ahead of the US jobs report, a key trigger for Fed rate cut expectations,” Vinod Nair, Head of Research, Geojit Investments Limited, said.
In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng settled in positive territory.
Markets in Europe were trading on firm note. US markets ended higher on Thursday.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 106.34 crore on Thursday, while Domestic Institutional Investors (DII) bought stocks worth Rs 2,233.09 crore, according to exchange data.
Global oil benchmark Brent crude dipped 0.07 per cent to USD 66.93 a barrel.
On Thursday, the Sensex settled 150.30 points or 0.19 per cent higher at 80,718.01, and the Nifty ended marginally higher by 19.25 points or 0.08 per cent at 24,734.30. (PTI)
