Domestic benchmark indices pared opening gains to end in red amid high volatility. The 30-pack BSE Sensex index settled 49 points lower at 59,197, while NSE Nifty ended flat at 17,656. Sectorally, the Nifty Private Bank and FMCG indices fell 0.5% each, while buying was seen in oil & gas, power and metal stocks. In the broader market, the BSE MidCap and SmallCap indices ended marginally higher. India VIX closed at 19.53 down by 0.66%. According to analysts, volatility is likely to persist in equity markets in coming sessions. As long as Nifty holds 17550, it could retest the17750-17850 levels, …
