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Nifty fails to settle Feb F&O series above 52-week high

IT stocks recovered, with the BSE IT rising 1.4% after having shed 1.6% a day earlier

bull, bear, market, flat, sensex, nifty
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bull, bear, market, flat, sensex, nifty

Pranati Deva New Delhi
Benchmark indices settled the day on a flat note amid a volatile session thanks to gains in IT and telecom sectors following the expiry of February derivative contracts.
 
Nifty50 ended positive for the fifth consecutive week but failed to close above its 52-week high level of 8,970.05, which was hit during intra-day for the first time since September 2016 during the day.
 
The 30-share Sensex ended 28 points higher at 28,893 and the 50-share Nifty closed 13 points higher at 8,940.
 
The broader markets were in line with the benchmark indice with BSE Mid-cap and Small-cap gaining