Sensex, Nifty close the day on a flat note, tech stocks fall

Benchmark equity indices Sensex and Nifty faced heavy volatility on Tuesday to settle flat as investors preferred to stay on the sidelines ahead of the Reserve Bank of India's interest rate decision later this week.

Selling pressure in IT counters, foreign fund outflows and weak trends in global equities also dented sentiments in markets, traders said.

Rising for the third straight session, the 30-share BSE Sensex eked out marginal gains of 5.41 points to settle at 62,792. During the day, it hit a high of 62,867 and a low of 62,554.

The NSE Nifty went up by 5.15 points to end at 18,599.

Both benchmark indices oscillated between highs and lows in a highly volatile trade during the day.

UltraTech Cement was the biggest gainer in the Sensex chart, climbing 3.13 per cent, followed by Kotak Mahindra Bank, Tata Motors, Axis Bank, Maruti, Bajaj Finserv, Bajaj Finance and Mahindra & Mahindra.

In contrast, Infosys, Tech Mahindra, Tata Consultancy Services, Wipro, Bharti Airtel, HCL Technologies, ICICI Bank and Nestle were among the laggards.