<p>Equity benchmark Sensex ended 110 points lower after a choppy session on Friday, dragged by losses in index majors Reliance Industries, Infosys and TCS despite a positive trend in global markets.</p>.<p>The 30-share BSE index closed 110.02 points or 0.25 per cent lower at 44,149.72.</p>.<p>The broader NSE Nifty slipped 18.05 points or 0.14 per cent to 12,968.95.</p>.<p>PowerGrid was the top laggard in the Sensex pack, shedding over 2 per cent, followed by HCL Tech, ONGC, M&M, Axis Bank, TCS, Reliance Industries and Infosys.</p>.<p>On the other hand, Asian Paints, Titan, Tata Steel, Bajaj Finance and Bajaj Auto were among the gainers.</p>.<p>Domestic market swung between gains and losses in a narrow range. While most of Asian markets recovered in green after witnessing tepid opening, Indian broader indices remained choppy throughout the day, said Binod Modi, Head- Strategy at Reliance Securities.</p>.<p>"However, strong buying remained visible in midcap and small cap stocks as investors find midcaps more attractive now due to wider valuations gap compared to large caps," he added.</p>.<p>As current valuations look to be reasonably stretched and street is factoring a robust earnings growth, sustainability of rebound in key economic indicators will be crucial for the market in the near term, he said.</p>.<p>Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul ended on a positive note.</p>.<p>Stock exchanges in Europe were largely trading with gains in early deals.</p>.<p>Meanwhile, Brent crude futures, the global oil benchmark, was trading 0.67 per cent higher at USD 48.11 per barrel.</p>
<p>Equity benchmark Sensex ended 110 points lower after a choppy session on Friday, dragged by losses in index majors Reliance Industries, Infosys and TCS despite a positive trend in global markets.</p>.<p>The 30-share BSE index closed 110.02 points or 0.25 per cent lower at 44,149.72.</p>.<p>The broader NSE Nifty slipped 18.05 points or 0.14 per cent to 12,968.95.</p>.<p>PowerGrid was the top laggard in the Sensex pack, shedding over 2 per cent, followed by HCL Tech, ONGC, M&M, Axis Bank, TCS, Reliance Industries and Infosys.</p>.<p>On the other hand, Asian Paints, Titan, Tata Steel, Bajaj Finance and Bajaj Auto were among the gainers.</p>.<p>Domestic market swung between gains and losses in a narrow range. While most of Asian markets recovered in green after witnessing tepid opening, Indian broader indices remained choppy throughout the day, said Binod Modi, Head- Strategy at Reliance Securities.</p>.<p>"However, strong buying remained visible in midcap and small cap stocks as investors find midcaps more attractive now due to wider valuations gap compared to large caps," he added.</p>.<p>As current valuations look to be reasonably stretched and street is factoring a robust earnings growth, sustainability of rebound in key economic indicators will be crucial for the market in the near term, he said.</p>.<p>Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul ended on a positive note.</p>.<p>Stock exchanges in Europe were largely trading with gains in early deals.</p>.<p>Meanwhile, Brent crude futures, the global oil benchmark, was trading 0.67 per cent higher at USD 48.11 per barrel.</p>