Benchmark indices ended the day flat, with the Nifty breaking a 4-day winning streak, following weak cues from across Europe. Poor Chinese trade data, hit European mining stocks hard, dragging down European and Indian markets as well.
The Sensex ended the day with gains of 12 points, while the Nifty dipped 0.25 points in trade. Leading the set of losers in trade were Banking stocks, following selling pressure after the conclusion of the 2-day Gyan Sangam meet.
Syndicate bank dropped 3 per cent, after reports that some of the CBI carried out searches at 10 locations in Jaipur, Udaipur and Delhi in connection with alleged fraud of Rs.1,000 crore in Syndicate Bank.
Oil and gas stocks saw some buying support with notable gainers being Cairn India and ONGC. Select mid cap stocks saw some huge selling pressure with Just dial down 14 per cent and Sun TV dropping 2 per cent.
Meanwhile, markets across Asia ended the day with losses, while most of Europe was trading lower. The German DAX, French CAC and the UK's FTSE.