Markets end flat after scaling new peaks; TCS rises over 1%

The Sensex closed modestly lower while the Nifty inched up to a fresh closing high on Wednesday as bulls took a breather amid a subdued trend overseas. Banking and finance stocks succumbed to profit-booking after the sharp upmove in the past few sessions, while IT and FMCG counters bucked the trend.
 
After touching its all-time high of 56,198.13 in early trade, the 30-share BSE Sensex ended 14.77 points or 0.03 per cent lower at 55,944.21.
 
The broader NSE Nifty, however, ended 10.05 points or 0.06 per cent higher at its new closing record of 16,634.65. It touched an