Sensex, Nifty end flat after a two-day rally

A trader looks at a screen at a stock brokerage firm in Mumbai March 7, 2008. India's main stock index provisionally closed 3.8 percent lower on Friday, led by banking shares such as ICICI Bank. REUTERS/Arko Datta (INDIA)

BSE Sensex ended 19.41 points lower at 35,443.67, while the Nifty50 ended unchanged 10,767.65, down 0.01% dragged by losses in banking stocks. However, heavy gains in Sun Pharma and Reliance Industries limited losses.

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Global cues were weak, as equity markets in Europe and Asia fell amid uncertainty over trade relations ahead of a key G 7 meeting and policy meetings of major central banks. The Indian rupee also weakened on Friday to hit one-week low against the US dollar.

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