NEW DELHI: Indian equity benchmarks Sensex and Nifty closed flat on Wednesday as gains in shares of Infosys, ICICI Bank and IndusInd Bank were offset by losses in HDFC, ITC and Hindustan Unilever.After opening in positive territory, market witnessed selling amid mild weakness in global stocks.However, analysts are of view that markets have nearly factored in fall of Brexit deal as most Asian and European stocks showed resilience in later part of Wednesday's session.The absence of any fresh trigger caused market to end lacklustre and upcoming earnings of Reliance Industries and HDFC Bank may give a direction to market in days to come.
Sensex ended 3 points up at 36,321.29, with 13 stocks up and 18 down.
The NSE Nifty settled 3.50 points up at 10,890.30 with 22 stocks in green and 28 in red.Let's take a look at highlights of Wednesday's session:Sensex movers and shakersYES Bank climbed 2.66 per cent, leading pack of Sensex gainers.
It was followed by IndusInd Bank (up 2.02 per cent), Infosys (up 1.38 per cent), ICICI Bank (up 0.68 per cent) and ONGC (up 0.62 per cent).
On flip side, Bharti Airtel (down 1.38 per cent) lost most in Sensex kitty.
Vedanta (down 1.33 per cent), Asian Paints (down 1.21 per cent), HCL Tech (down 1.02 per cent) and Bajaj Finance (down 1.01 per cent) were up next among losers in Sensex kitty.Graphite India, HEG surge up to 8%Shares of graphite electrode producers, Graphite India and HEG surged on Wednesday after Japanese graphite electrodes producer Tokai Carbon raised its electrodes contract prices.
Graphite India closed day at Rs 752.50, with a gain of 8.33 per cent, whereas HEG closed gained 4.15 per cent to Rs 3,687.85 on BSE.Merged entity IDFC First Bank debutsShares of IDFC First Bank, merged entity of Capital First and IDFC Bank, made a positive debut on bourses.
The stock opened at Rs 47.05 and closed day at Rs 48.25.
The merger between bank and NBFC, announced on January 13 last year, was completed on December 18, 2018.SBI gains on fundraising planState Bank of India (SBI) is raising at least $1 billion by selling bonds to overseas investors in what is largest such sale from country since January 2018.
The state-owned lender is issuing bonds in two tranches, one a three-year and another a five-year, as its seeks to shore up funds in new year.
The proceeds could go beyond $1 billion if demand is strong.
The stock closed with a mild gain of 0.58 per cent at Rs 302.75 on BSE.Jet sinks on Etihad woesShares of Jet Airways plunged 7.95 per cent to Rs 271 on BSE amid reports that lenders to Jet Airways may have to offer big discount, as much as 49 per cent over its Tuesdays closing.
Etihad Airways has offered to invest in debt-laden Indian carrier Jet Airways at Rs 150 per share, along with an immediate release of $35 million after certain conditions are met, CNBC-TV18 reported on Wednesday.
Earlier, an ET report suggested that Etihad Airways CEO Tony Douglas has set a slew of tough pre-conditions, which include complete exit of Naresh Goyal and his family from management of Indian carrier.Cummins slumps on UBS' bearish outlookCummins India stood among third worst performer on BSE.
UBS expects margins of company to contract 90 basis points sequentially in Q3 as against street expectations of margins sustaining at Q2 levels.
They also remained concerned on medium-term trajectory, as commercial real estate supply peaks, prolonged liquidity crunch impacts residential real estate, and manufacturing takes time to recover.
The scrip closed 4.15 per cent down at Rs 841.75.Vakrangee extends winning streak to 5th dayRising for a fifth straight day, shares of Vakrangee closed 4.91 per cent up at Rs 45.90 on BSE.
The stock has been on an upward journey since January 10 after it said government did not find any irregularity in its books.
Moreover, launch of Nextgen Vakrangee Kendras has also raised investors interest in stock.
The company has launched over 3,300 Nextgen Vakrangee Kendras across India.
These outlets are spread across 20 states, over 340 districts and more than 2,000 postal codes of country, of which more than 70 per cent outlets are from tier 5 and 6 cities.
HT Media slips 1% on profit slumpShares of HT Media closed 1.05 per cent down at Rs 47.20 after it reported a 68.66 per cent decline in consolidated net profit at Rs 42.91 crore for quarter ended December 31, 2018.
Its total income stood at Rs 664.89 crore against Rs 681.7 crore in same period a year ago, HT Media said in a BSE filing.Phillips Carbon climbs on Q3 profitShares of Phillips Carbon Black closed 2.36 per cent up at Rs 207.80 after it reported a 91 per cent year-on-year jump in profit at Rs 109 crore for third quarter.
The company declared an interim dividend of Rs 3.50 per share.
73 stocks signal potential riseMomentum indicator moving average convergence divergence, or MACD, showed bullish crossovers on 73 counters on BSE.
Among stocks that had bullish crossovers were Wipro, Tech Mahindra, United Breweries, Vardhman Textiles, Kwality and Godrej Agrovet.
On other hand, NCC, PFC, IDBI Bank, ICICI Securities and Karur Vysya Bank featured among 62 stocks that showed bearish crossovers on BSE.