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Benchmarks end flat, mid-caps tumble; Bharti Airtel surges 4%

Monday,   02-Dec-2019   04:09 PM (IST)

Weak gross domestic product (GDP) print for September quarter, and dip in auto sales figures after festive season weighed on investor sentiment on Monday, as market players chose to remain on the sidelines in the lacklustre trade. Index heavyweights like Bharti Airtel and Reliance Industries, which ended 4 per cent and 2 per cent higher, respectively, however, provided some support to an otherwise weak market. The benchmark S&P BSE Sensex closed 8.36 points, or 0.021 per cent, higher at 40,802.17 levels, with Bharti Airtel being the top gainer, and YES Bank being the top drag. The Sensex touched an intra-day high and low of 41,093.99 and 40,707.63, respectively. On the NSE, the broader Nifty50 index held the psychological mark of 12,000, and closed at 12,048.20, down 7.85 points or 0.065 per cent. Sectorally, Nifty Auto and IT indices slipped the most, down nearly a per cent. Nifty Metal index, however, managed to close 0.27 per cent higher. In the broader market, mid-caps declined the most. The S&P BSE mid-cap index settled 116.65 points, or 0.77 per cent, lower at 14,968.21 levels. The S&P BSE small-cap index, on the other hand, closed at 13,508.22 level, down 52.35 points, or 0.39 per cent.