Indian Markets end Wednesday on a flat note

Indian Markets ended the day on a flat note after staging a recovery from the intraday lows. The BSE Sensex closed flat at 19,997.45 (up 0.36 points or 0.01%) and Nifty closed at 5913.15 (up 16.4 points or 0.28%).

The BSE Bankex ended higher at 11,792.88 (+1.80%). SBI ended higher at INR 1688.90 (+3.52%) and ICICI Bank ended down at INR 969.20 (-0.04%).

Profit-booking by investors following the upturn in the last few days led to losses in the benchmark indices. But, the bulls were having the upper hand as the market recovered from the day's low. A rally in rate-sensitive stocks, particularly banking stocks helped pare most of the losses. Strength in Indian Rupee against the US Dollar also aided sentiment.

As per the provisional figures on Wednesday, FIIs were net buyers of Rs. 587 cr in the cash market, while they were net sellers of Rs. 840 cr in the F&O markets. However, DIIs were net sellers of Rs. 386 cr in the cash market.

Source : Equity Bulls

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