Sensex, Nifty erase gains to trade flat; Wipro slips 4%

The benchmark Sensex was trading 0.07% higher at 32,207.64 points while the broader Nifty was trading up 0.02% at 10,081.2 points

On the other hand, the S&P BSE metal index was down 94.58 points, oil and gas index by 47.51 points and energy index by 15.34 points.

The index was trading at 10,464, down 0.39 per cent, around 12.40 pm (IST), with shares of Wipro (down 4.24 per cent), KPIT Technologies (down 0.74 per cent), Tata Consultancy Services (down 0.54 per cent) and Tech Mahindra (down 0.23 per cent) as the losers.

According to market observers, an improvement in the macro-economic industrial production data, along with broadly positive Asian markets had given a push to key indices - the BSE Sensex and the NSE Nifty 50 - during the initial trade session.

The benchmark 30-share Sensex settled 55.52 points or 0.17 percent higher at 32,241.93 while the 50-share Nifty index ended up 7.30 points or 0.07 percent at 10,086.60.

In intra day trade, Sensex went up by more than 100 points to hit the high of 32,328.61, however it could not hold on to the profit.

The BSE market breadth was slightly bullish - with 1,254 advances and 1,216 declines.

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In terms of broader market indices, the S&P BSE mid-cap index rose by 0.57 per cent and the small-cap index by 0.64 per cent.

Indian markets ended higher on Thursday.

On the currency front, the Indian rupee strengthened by four paise to 64 against the U.S. dollar from its previous close at 64.04.

Wipro was the top loser on the index, ending lower by over 4% at Rs 283 per share.

Major index gainers were Tata Motors DVR, Sun Pharma, Axis Bank, Tata Motor and Adani Ports.


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