Markets recoup initial losses to end flat; Reliance, banks perform poorly

Titan was the top laggard in the Sensex pack, shedding 4.58 per cent

The equity benchmark Sensex staged a smart recovery from the day's low to end with marginal losses on Monday, propped up by robust buying in FMCG and telecom counters. Reliance Industries and banking stocks accounted for most of the losses, while a rebounding rupee also provided support, traders said.
 
After plunging over 750 points in early trade, the 30-share BSE index made a U-turn to finish 63.84 points or 0.13 per cent lower at 48,718.52. In similar movement, the broader NSE Nifty closed 3.05 points or 0.02 per cent higher at 14,634.15.
 
Titan was the top laggard in