3.37 PM: Last hour selling erases all gains, Sensex, Nifty end flat; Yes Bank falls 3%

Market Close: Benchmark indices ended marginally higher but last hour selling pressure erased all the intraday gains with Nifty finished around 11,050 level.

The Sensex was up 52.16 points at 37,402.49, while Nifty was up 6.10 points at 11,053.90. About 1265 shares have advanced, 1209 shares declined, and 154 shares are unchanged.

Yes Bank, Indiabulls Housing, Grasim Industries, Power Grid and GAIL were among major losers on the Nifty, while gainers were Sun Pharma, Tech Mahindra, Bharti Infratel, Axis Bank and Wipro.

Among sectors, auto, FMCG and metal witnessed selling pressure, while buying seen in the infra, IT and pharma.

News Source: Moneycontrol.com

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