Sensex ends higher, Nifty 50 flat in market phase recovery in last hour

Indian equity indices NSE Nifty 50 and BSE Sensex ended mixed trade on Thursday. Nifty Midcap 100 and Nifty Smallcap 100 rose 0.2 percent and Nifty Smallcap 100 0.6 percent. The Sensex fell 492.5 points, or 0.8 percent, to 59,215.6 before ending higher at 59,932.2. The Nifty50 moved between 17,445 and 17,653.9 in intraday trade before settling at 17,610.

Nifty Bank ended up 0.4 percent at 40,669.3 points. A total of 30 stocks ended in the red in the

Nifty50 basket, with the biggest losers being the Adani twins, UPL, HDFC Life and Eicher Motors.

Pure Science and Technology, IDFC First Bank, Policy Bazaar, Tube Investments and Voltas led the Nifty Midcap index higher.

On the other hand, Britannia, ITC, IndusInd Bank, HUL and Infosys topped the Nifty 50 list.

"Despite a pro-growth budget, lower crude prices and a rally in global markets, domestic markets cannot win with the Adani saga weighing on investors. Also, premium valuations in India continue to rise. They are underperforming other emerging markets. Global markets are bullish on expectations that they will be in the last leg of the rate hike," said Vinod Nair, head of research at Geojit Financial Services.

Rupee slips below 82-mark vs dollar, ends at 82.17 against the US dollar.