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Sensex, Nifty Erase Early Gains To End Flat

Indian shares gave up earlier gains to finish on a flat note Wednesday despite firm cues from global markets.

The benchmark BSE Sensex finished marginally lower at 33,793.38 and the Nifty index ended little changed with a positive bias at 10,443.20 as investors awaited corporate results from TCS and Infosys scheduled next week.

Ambuja Cement, ICICI Bank, Hindalco, Larsen & Toubro and Adani Ports climbed 2-3 percent in the Nifty pack, while Maruti Suzuki, ONGC, Bajaj Auto, Wipro and Dr Reddy's Laboratories lost 1-3 percent.

Hindustan Zinc rose about 1 percent as a foreign broking firm initiated buy rating on the stock. Dixon Technologies rallied 1.5 percent after a joint venture of the company commenced manufacturing of CCTVs and DVRs. Titan Company rose over 1 percent after a positive trading update.

Globally, Asian stock markets ended broadly higher, with firmer commodity prices on the back of a weaker dollar and optimism about global growth buoying investor sentiment.

The dollar held somewhat steady in Asian trading as investors looked ahead to the minutes of the Federal Reserve's December policy meeting due later in the day.

European markets were mostly higher as new rules for the region's financial markets, known as Mifid II, came into force and the euro edged lower for the first time in six days.

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