Stock market today: Sensex, Nifty 50 resume downtrend after 1-day hiatus but end off day’s lows

Indian markets reversed early losses to close in the flat today, suggesting that investors are adopting a ‘buy on the dips’ strategy in recent sessions. The Nifty 50 and Sensex, which began the trading day (February 18) in negative territory, down by as much as 0.70% each, managed to recover most of the losses during mid-session, with the momentum carrying through to the close of trade.

The Nifty 50 recovered 137 points during trade to close at 22,938 points, a minor decline of 0.08% compared to the previous close, while the Sensex gained 491 points from the day’s low to end the session with a marginal gain of 0.04% at 76,023 points.