Nifty, Sensex recover to close flat after a choppy session

After choppy intra-day trading, Indian benchmark indices NSE Nifty and BSE Sensex recovered during the closing hour to close flat on Wednesday. NSE Nifty closed at 9,633 level, down by almost 20 points, but still above the 9600-mark, while the BSE Sensex closed lower by about 14 points at 31,283. 

BSE Mid-cap index closed higher by 0.04% at 14,850, whereas BSE Small-cap index closed with a gain of 0.11% at 15,696. India VIX also closed higher by 2.79% at 10.91. 
 
All the BSE sectoral indices were trading in the red, except BSE Power, BSE Realty, BSE FMCG and BSE Capital Goods. BSE FMCG was the top gaining index, with KCP Sugar, Dhampur Sugar and Dwarikesh Sugar up by over 6%. However Tilak Industries was the top loser in the index, down by over 4%. GMR Infrastructure was up by over 6% on the bourses on reports of airport bid.
 
The BSE Metal index was the top losing index, with Hindalco and Hindustan Zinc pulling down the index by over 2% each. Other pharma stocks, including Jindal Steel, Coal India, Vedanta and NMDC also declined by more than 1% on the bourses.
  
Hindustan Unilever was the top gainer in Nifty, while ONGC was the top Nifty loser.