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Bajar Gupshup | Markets gave up initial gains amid concerns over higher-than-expected US inflation data; IT, PSBs fall most

Benchmark indices ended on flat note in the highly volatile session. At close, Sensex was down 98 points, and Nifty ended 0.2 percent lower. On the sectoral front, Information Technology and PSU Bank indices fell 1-2 percent, while Oil & Gas and Power indices gained 1-1.6 percent. The BSE midcap and smallcap indices ended in the red.