Mumbai: In lacklustre trade, the BSE benchmark Sensex on Friday closed little changed at 16,217.82 after investor sentiment was dampened by rising chances of a partial rollback in petrol price hike that belied market hopes of a hike in diesel and cooking gas prices.
The 30-share Sensex opened lower at 16,213.24 and hovered in a range of 16,273.48 and 16,118.35 before finishing at 16,217.82, showing a marginal loss of 4.48 points or 0.03 percent.
The NSE 50-share Nifty also finished slightly lower at 4,920.40 as against 4,921.40 on Thursday.
Brokers said the absence of a major market trigger in spite of selective buying in capital goods, metal and realty counters.
Led by energy stocks like ONGC, the BSE Sensex on Thursday gained 274 points -- the highest in over two months – as investors bet on hikes in diesel and cooking gas prices in line with a steep hike in petrol price.
Jindal Steel which lost 2.59 percent on Friday led the Sensex losers, followed by Maruti (2.46 pc), M&M (2 pc), HUL (0.88 pc), HDFC (0.86 pc), ITC (0.75 pc) and Reliance (0.64 pc). A total 17 srips out of 30 Sensex counters ended lower.
"Nifty had a gap down opening on mixed cues from the global markets. Sentiments turned jittery after the Empowered Group of Ministers meeting which was supposed to be held today, to decide upon raising diesel, kerosene and cooking gas rates was postponed till later date," said Rakesh Goyal, Sr Vice President, Bonanza Portfolio.
Dealers also said stock investors ignored the rupee's second straight session of gains. The domestic currency recovered to Rs 55.40 in intra-day session from Thursday's close of 55.65 after opening lower at Rs 56.02.


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