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Market benchmark Sensex ended a shade lower today after giving up early gains of about 317 points on widespread fag-end selling amid sustained capital outflows by foreign funds and a weak trend in European shares.
However, NSE Nifty managed to eke out a small gain and closed above the crucial 8,100-mark.
Sentiment remained upbeat for the major part of the session after lower inflation data raised hopes of a rate cut by RBI next month, but the index turned lower towards the fag-end as profit-booking emerged.
Sensex started off on a strong footing and advanced to a high of 26,621.40. However, it succumbed to profit—booking at higher levels, falling to 26,239.21, before settling 5.94 points or 0.02 per cent lower at 26,298.69.
NSE Nifty, however, managed to close in the positive zone with a small gain of 3.15 points, or 0.04 per cent, at 8,111.60 after shuttling between 8,210.05 and 8,089.40.
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