Closing updates: The Indian market closed the volatile session on a flat note, with mid and smallcaps outperforming the benchmarks.
Sensex closed 29 points, or 0.05 percent, down at 58,250.26 while the Nifty settled 9 points, or 0.05 percent, lower at 17,353.50.
“”In a volatile session of trade today, the bulls managed to stage a smart comeback led by the pace of vaccinations and accumulation witnessed in Kotak Mahindra Bank. The broader markets witnessed interest in textile stocks on the back of the PLI scheme announced today. The late afternoon session saw advances gain ground over declines as several midcaps were seen buzzing,” said S Ranganathan, Head of Research at LKP securities.
Among the sectors, Nifty Bank, private bank, PSU bank and financial services indices rose about a percent each. On the flip side, IT, media, auto and pharma indices ended in the red.
News Source:- Moneycontrol