Sensex succumbs to late sell-off, ends flat on global cues

NSE Nifty managed to eke out a small gain and closed above the crucial 8,100-mark.

Update: 2016-11-16 11:48 GMT
The Bombay Stock Exchange building.

Mumbai: Market benchmark Sensex ended a shade lower today after giving up early gains of about 317 points on widespread fag-end selling amid sustained capital outflows by foreign funds and a weak trend in European shares.

However, NSE Nifty managed to eke out a small gain and closed above the crucial 8,100-mark. Sentiment remained upbeat for the major part of the session after lower inflation data raised hopes of a rate cut by RBI next month, but the index turned lower towards the fag-end as profit-booking emerged.

Sensex started off on a strong footing and advanced to a high of 26,621.40. However, it succumbed to profit-booking at higher levels, falling to 26,239.21, before settling 5.94 points or 0.02 per cent lower at 26,298.69.

NSE Nifty, however, managed to close in the positive zone with a small gain of 3.15 points, or 0.04 per cent, at 8,111.60 after shuttling between 8,210.05 and 8,089.40.

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