Sensex, Nifty reverses gains, ends flat

Both Sensex and Nifty reversed morning gains and ended flat due to weak opening in European markets. The 30 share Sensex ended at 15,857.08, down by 25.56 points, while 50-share Nifty ended flat at 4,749.

On domestic front, Food inflation fell to the negative territory to -3.36% for the week ended December 24, which drove markets up early in a day.

Overall breadth of the markets remained volatile today as investors preferred profit-booking in the absence of any proper direction.

Amongst the sectoral indices on the Bombay Stock Exchange (BSE), Oil & Gas and Realty ended low by 1.83% and 1.68%, respectively.

On the National Stock Exchange (NSE), Cairn, PNB, Bajaj Auto, IDFC and Axis Bank ended high by 4.27%, 3.74%, 3.06%, 3.02% and 2.86%, respectively.

While the top volume losers on the NSE were DLF (4.12%), Gail (3.28%), BPCL (2.69%), Reliance (2.60%) and NTPC (2.09%).

On European front, most of the European markets opened weak, with CAC 40 was seen trading low by 1.02% while FTSE 100 weak by 0.65%.

Most of the Asian markets too ended red barring Hong Kong's Hang Seng which ended green by 0.46%, China's Shanghai ended low by 0.95% while Japan's Nikkei down by 0.83%.

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