The benchmark BSE Sensex and NSE Nifty indices ended virtually unchanged post a 12-day record-breaking run. The BSE Sensex gyrated in a range of 722 points between an intra-day high of 49,795.19 and a low of 49,073.85 before ending the session at 49,492.32, down 24.79 points, while the NSE Nifty ended at 14,564.85, up one point.
The BSE Sensex had opened the day at 49,765.93 and touched an intra-day high of 49,697.18, just around 300 points short of the 50,000 mark, before succumbing to intra-day volatility.
Meanwhile, the rupee had opened higher by 8 paise at 73.17 per dollar versus Tuesday’s close of 73.25, amid buying seen in the equity market.
Infosys, Wipro and CESC will announce their quarterly numbers later in the day.
HDFC, Bajaj Finance, UPL and Bajaj Finserv lost 1.8-2.8 per cent each to top the loser’s list on the BSE. On the other hand, M&M, SBI and IOC bucked the weak trend on the BSE, with gains of 3-6.7 per cent each.
Among the earnings candidates for the day, Infosys had gained 0.8 per cent at Rs 1,383.80 and Wipro was trading flat, with a positive bias, at Rs 457.90 on the BSE ahead of December quarter numbers scheduled to be announced later in the day.
The BSE market breadth turned weak. Out of 3003 stocks traded on the BSE, there were 1,212 advancing stocks as against 1651 declines.