Overview

• The Sensex slipped 7.25 points to 80,710.76 and the Nifty added 6.70 points to 24,741.00 after a choppy day of trade.
• The benchmark index swung about 715 points intraday before recovering into a near-unchanged close.
• Autos and energy provided support, with Mahindra & Mahindra and Maruti Suzuki advancing, while IT and FMCG lagged as ITC and major IT names fell.
• Exchange data showed FIIs were net sellers of roughly Rs 106.34 crore, while DIIs bought about Rs 2,233.09 crore.
• For the week, the Nifty rose about 1.3% and the Sensex 1.1% after gains tied to GST rate cuts, with analysts noting Nifty closed above its 21-DMA near 24,700 but needs a decisive move past 25,000.