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Markets end lower


MUMBAI: In the absence of any trigger, the markets closed flat on Thursday with the benchmark Sensex ending lower by over 35 points as major players remained on the sidelines amid fresh developments on the political front.

The bellwether Sensex, which breached 14000 level at 14047.43 during the day, however, settled at 13926.24, down by 38.02 points.

The National Stock Exchange index Nifty, however, gained 5.10 points at 4162.20 after stocks of Reliance Industries, Reliance Energy, DLF Ltd, Larsen and Toubro and Cairn India recorded fresh gains. Brokers said a weakening trend in the U.S. stock markets on Wednesday influenced trading to some extent. They said investors also took cues from SEBI data which showed that funds based abroad sold more Indian stocks than they bought during the past seven weeks.

Oil and gas sector fell the most by 53.51 points at 9079.59, followed by realty sector index which lost 25.14 points at 4876.02. IT index were down 30.67 points at 4189.40 and Auto index by 40.35 points at 3565.67.

Metal and aluminium stocks bucked the general trend and saved the market from a major fall.

The metal index gained 316.55 points as stocks of MMTC, Hindalco, Nalco, Tata Steel, Sterlite, Sesa Goa and Maharashtra Steel recorded handsome gains. — PTI

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