Equity indices staged a smart recovery from intra-day lows to close flat for the second straight session on Wednesday as a spurt in market heavyweight RIL offset profit-booking in FMCG, finance and IT counters.
A continuously declining rupee also weighed on investor sentiment, traders said. After dropping to a low of 51,450.58 in late afternoon trade, the BSE Sensex clawed back lost ground to finish 85.40 points or 0.16 per cent down at 51,849.48.
The broader NSE Nifty inched up 1.35 points or 0.01 per cent to close at 15,576.20.
ITC was the biggest laggard among the Sensex constituents, tumbling 2.88 per cent,
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