Sensex erases early gains, down 150pts; Nifty below 17,050

Domestic markets were volatile in Friday’s trade, amid mixed global cues.

Key indices Nifty50 traded flat above 17,050 levels, whereas the S&P BSE Sensex gained over 100 points to trade around 58,054 levels.

Broader markets, meanwhile, were mixed as Nifty Smallcap 100 index gained marginally higher than Nifty Midcap 100 index.

Sectorally, Nifty IT index gained the most, over 1 per cent, whereas Nifty Realty index lost up to 0.2 per cent.

Among individual stocks, shares of Bajaj Hindusthan Sugar gained over 2 per cent after it acquired two companies worth Rs 800 crore.

Besides, shares of Nibe surged over 2 per cent after it acquired remaining 50 per cent stake in Indigenous Casting Technology.