The market closed flat backed by weak global cues with the Nifty closing below 10,700 at 10,679 points and the BSE Sensex at 35,103 points.

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All the major indices closed in the red, except for the Nifty Bank which closed in the green as ICICI Bank and Axis Bank pulled up the index.

The two stocks, ICICI Bank and Axis Bank, gained more than 2% with the Nifty Bank gaining and reaching its day's high in the intraday trade.

The market continued to trade lower in the second half of the trading hours, touching the day's low.

The NSE Nifty was trading below 10,700 at 10,660 points and the BSE Sensex at 35,049 points.

HCL Technologies is among the top losers today by losing more than 7% in trade after posting disappointing Q4 results.

IndiGo too plunged 13% after its poor Q4 results. The stock is currently losing 10% in trade.

HCC plunged more than 20% after the auditor for Lavasa Corporation raised concerns over the firm's financial health.

Lavasa Corporation is a subsidiary of HCC.

The HCC management clarified on auditor's report and said that it believes in a few points he made. The share plunged further to 26% minutes before the close.

Apart from Axis Bank and ICICI Bank, Bharti Infratel and Sun Pharma also surged in the trading session today.

The market had opened mixed with the BSE Sensex trading at 35,257 points and the NSE Nifty trading at 10,720 points.

The indices started to pull down in trade within minutes after the open, with the Sensex at 35,111 points and the Nifty below 10,700 at 10,689 points.

The Nifty Midcap is down by more than 150 points.