Quick view: Sensex ends flat; metal, realty and bank stocks in demand

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SummaryThe benchmark S&P BSE Sensex on Wednesday once again fell short of the 20,000-mark even after wiping out a 219-point intra-day loss, helped by buying in metal, realty and banking stocks.

The benchmark S&P BSE Sensex on Wednesday once again fell short of the 20,000-mark even after wiping out a 219-point intra-day loss, helped by buying in metal, realty and banking stocks.

Continued appreciation in the rupee after a series of steps by the RBI and hopes of a peaceful resolution to the Syrian crisis helped the recovery, which came a day after the index’s biggest gain in more than four years. The rupee traded close to the 63.30 level in the afternoon. The Sensex resumed stable and climbed to 20,055.53 only to fall to 19,777.63 in the absence of triggers from global stocks and on profit-selling after Tuesday’s 727-point rise. It bounced back to close at 19,997.45, a 0.36-point gain, failing to hold above the 20,000 mark for the second day. The broader Nifty index on the National Stock Exchange ended higher by 16.40 points, or 0.28%, at 5,913.15. The SX40 index on the MCX-SX closed at 11,838.59, down 11.07 points or 0.09%. Sensex gainers included State Bank of India, HDFC Bankand Sun Pharma, which contributed 49 points, while ITC, Tata Motors and Infosys dragged the measure lower by 74 points.

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