Market ends flat after choppy session; pharma, IT stocks crack

File photo. Photograph:( Zee News Network )

PTI Mumbai, Maharashtra, India Nov 14, 2018, 04.22 PM (IST)

Benchmark equity indices gave up early gains to end marginally lower at 35,141.99 after a highly volatile session Wednesday as losses in pharma and information technology shares offset gains in energy, banking and metal stocks, amid weak global cues.

The BSE Sensex swung nearly 365 points both sides on heavy buying and selling during the session.

The 30-share index, after a gap-up opening at 35,330.14 points, hit a high of 35,351.88 points at the outset on the back of sliding global crude oil prices and recovery in rupee.

However, a weak trend in most other Asian markets and a lower opening of European markets, triggered selling on the domestic bourses, dragging the Sensex into negative terrain to hit a low of 34,986.86.

The index finally settled 2.50 points, or 0.01 per cent down at 35,141.99. It had rallied 332 points on Tuesday.

Similarly, the broader NSE Nifty, after shuttling between 10,651.60 and 10.532.70 points on alternate bouts of buying and selling, closed 6.20 points, or 0.06 per cent, down at 10,576.30.