Sensex bounces 563 pts off lows, ends 87 pts down; Nifty holds 17,050

Domestic equities bounced back sharply off lows in the fag-end of the session and ended around flat line on Monday. The reversal came as US Futures indicated a positive start on Wall Street later today.

The S&P BSE Sensex had hit a low of 56,412.62 on the BSE in early morning deals, but eventually ended at 56,976, down 85 points or 0.15 per cent. The NSE Nifty50, meanwhile, closed at 17,069, down 33 points or 0.21 per cent.

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IndusInd Bank was the top gainer on the Sensex index today, settling 4 per cent, after the lender reported better-than-expected Q4 results. NTPC, Tata Steel, HDFC, PowerGrid, and ITC were the other major gainers. On the downside. Titan Company slipped 3 per cent, followed by Wipro, Tech M, Infosys, Maruti Suzuki, and Asian Paints.

In the broader markets, the BSE MidCap and SmallCap indices closed 0.45 per cent and 0.8 per cent down, respectively. Sectorally, the Nifty Metal and Private Bank indices were the top gainers on the NSE (gaining 0.5 per cent each), while the Nifty IT (down 1.5 per cent) was the worst hit.

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Global market

European markets started on a weaker footing, with the German DAX down 0.9 per cent in morning deals, while the French CAC was down 1.6 per cent. On Wall Street, futures linked to all the main indices were up about 0.5 per cent each.

Earlier in Asia, Japan's Nikkei slipped 0.11 per cent, while South Korea's Kospi dipped 0.28 per cent.