Sensex ends on a flat note after a volatile trading session - LuvKush Finserve

Sensex ended on a flat note after a volatile trading session as investors braced for the US Federal Reserve policy meeting with caution. The Nifty index, however, ended weak with Bank Nifty bearing the maximum brunt after the Reserve Bank of India turned unexpectedly dovish in the monetary policy review which made the rupee slide below the 61/dollar. The Sensex ended lower 2.6 points at 19,345.70 and the Nifty declined 13 points at 5,742 levels.

Among the key sectoral indices, FMCG, realty, bankex, power indices dropped while IT, metal and consumer durable sectors gained on the BSE. The gainers included counters such as Wipro rising 4%, Bharti Airtel gained 7%, Dr Reddy's rose 4.7%, BHEL was up 3.6% respectively on the BSE. The laggards were NTPC declining 5%, HDFC Bank shed 2.5%, ITC dropped 2.5% while Cipla was down 2% on the BSE.

YES Bank tanked over 7% to Rs 323.80, also its 52-week low on BSE, on PTI reports that the Reserve Bank of India (RBI) said that it is seized of the ongoing boardroom battle at private lender and may make necessary changes in the required norms on appointment of directors on bank boards, if needed.

The broader markets ended lower with mid-caps and small-caps falling nearly 1 per cent on the BSE.

Source : Equity Bulls

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