Sensex recovered in late trade to close flat with the Nifty holding 10,800 levels, backed by technology, pharma stocks and Reliance Industries.
The 30-share BSE Sensex rose 22.32 points to 35,622.14 and the 50-share NSE Nifty gained 9.70 points at 10,817.70.
Infosys was up 4 per cent and TCS gained 3 per cent.
Sun Pharma, Cipla, Bajaj Finance, Lupin, UPL and HCL Technologies rallied 1-4 percent.
ICICI Bank, Hindalco Industries, SBI and Yes Bank were under pressure.
The Nifty Midcap index fell 121 points.
Nifty IT and Pharma indices were trading with 2 per cent gain, while on the other side Nifty PSU banks shed 2 per cent.
Karnataka Bank, Allahabad Bank, Andhra Bank, Union Bank, UCO Bank, SBI Life, HDFC Standard Life, Dish TV, Edelweiss, Petronet LNG, Tata Global, Ashok Leyland, L&T Finance, Holdings, Hexaware, Mphasis and ICICI Prudential fell up to 4 per cent.
Strides Shasun, Mishra Dhatu, Jayshree Tea, Dhampur Sugar, Jubilant Foodworks, Granules India and Mcleod Russel gained up to 6 per cent.
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