The benchmarks BSE Sensex and NSE Nifty ended virtually unchanged after a record 12 day period. The BSE Sensex turned in a 722 point range from an intraday high of 49,795.19 to a low of 49,073.85 before ending the session at 49,492.32, down 24.79 points, while as the NSE Nifty finished at 14,564.85, up one point.
BSE Sensex opened the day at 49,765.93 and hit an intra-day high of 49,697.18, just about 300 points below the 50,000 mark, before succumbing to intra-day volatility.
Meanwhile, the rupee had opened 8 peas high at 73.17 per dollar against the 73.25 close on Tuesday, amid a buying backdrop seen in the equity market.
Infosys, Wipro and CESC will announce their quarterly figures later today.
HDFC, Bajaj Finance, UPL and Bajaj Finserv lost between 1.8% and 2.8% each to climb to the top of the BSE losers list. In contrast, M&M, SBI and IOC resisted the weak BSE trend, with gains of 3-6.7% each.
Among the candidates for the day’s profit, Infosys had gained 0.8% to Rs 1,383.80 and Wipro was trading flat, with a positive bias, at Rs 457.90 on BSE ahead of the December quarter figures which should be announced later today.
The scale of the BSE market has weakened. Out of 3003 shares traded on the BSE, 1212 shares rose against 1651 declines.