Stocks End Flat After Recovery; Banks Aid Amid Rupee's Record Low

• Stocks recovered from intraday lows to end largely flat, with banking gains and selective IT buying offsetting pressure from midcaps and a record-low rupee.
• The Sensex closed 54 points lower at 85,213, and the Nifty 50 ended 20 points down at 26,027, breaking a two-session gaining streak.
• Banking stocks outperformed, with the Nifty Bank index rising 72 points, while IT stocks recovered due to the rupee's depreciation.
• The Indian rupee fell to a new all-time low of 90.79 per US dollar.
• The midcap index slipped; Amber Enterprises and Vascon Engineers saw gains, while Urban Company and Matrimony.com declined.

Why It Matters: Rupee's record low and market fluctuations signal economic pressures for investors.