Stock Market ends flat following mixed cues from the global market & concern over Q4 results

The Indian equity indices ended on a flat note following mixed cues from the global markets and concern over Q4 results on Friday. 

Meanwhile, a mixed trend across sectors kept the traders busy wherein FMCG and IT ended higher while realty, metal and auto traded under pressure, according to sources.

At close, the Sensex was up 22.71 points or 0.04 percent to end at 59,655.06, while the Nifty was down 0.40 points at 17,624.

TCS, ITC, Britannia Industries, Wipro and Asian Paints were among the major gainers on the Nifty, while losers were HDFC Life, Tech Mahindra, Adani Enterprises, SBI Life Insurance and Maruti Suzuki, according to reliable sources.

On sectoral front, realty index down 2 percent, while auto and metal indices down 1 percent each.

The BSE midcap and smallcap indices ended marginally lower, according to estimates.

On 21st April'23 the rupee rises 8 paise to close at 82.09 against the US dollar,supported by softening crude oil prices in the international markets.

On global front, stocks dip for third straight session on Friday,as investors digested the latest round of corporate earnings, while longer-dated U.S. yields fell on growing concerns about a Federal Reserve poised to hike interest rates in a slowing economy, according to sources.According to recent reports,earnings are expected to decline 4.7% from the year-ago period, an improvement from the 5.1% decline seen on April 1.

Market experts have recommended six stocks to buy on Friday — Motherson, Bharti Airtel, ICICI Bank, Larsen & Toubro, NTPC and Tata Motors, according to sources.