Markets pare early gains to end flat in a session of volatile trade

Sensex slips 38 pts as metal stocks crack

In a highly choppy session, equity benchmarks pared early gains to settle on a flat note on Monday, with the Sensex falling 38 points amid heavy sell-off in metal stocks.

The 30-share BSE benchmark Sensex encountered volatility during the day and settled 37.78 points, or 0.07 per cent lower, at 54,288.61. During the day, it hit a high of 54,931.30 and a low of 54,191.55.

The broader NSE Nifty declined 51.45 points, or 0.32 per cent, to end at 16,214.7.

From the Sensex firms, Tata Steel tumbled the most by 12.53 per cent, followed by UltraTech Cement, ITC, PowerGrid, HDFC, HDFC Bank, HCL