NEW DELHI: Indian equity benchmarks Sensex and Nifty saw a lacklustre close on Friday after two straight sessions of gains due to a poor show by Kotak Mahindra Bank, HDFC twins and Reliance Industries.

Signs of progress in the ongoing US-China trade talks, however, contained any big damage. Sensex kept fluctuating between gains and losses throughout the day, reflecting caution in the wake of a rise in global crude oil prices.

Market breadth remained positive as 1,622 stocks advanced on the BSE against 910 decliners while 153 remained unchanged.

The BSE barometer closed lower by 27 points, or 0.07 per cent, at 35,871, with 22 stocks in the green, 8 in the red and one unchanged.

The Nifty50 settled marginally up by 2 points, or 0.02 per cent, at 10,792, with 33 stocks up and 17 down.

Midcaps and smallcaps outsmarted the Sensex as BSE Midcap and Smallcap indices closed up 0.38 per cent and 0.77 per cent, respectively.

We walk you through the highlights of Friday's session. 261 stocks signal upsideAs many as 261 stocks showed bullish crossovers on the BSE, signalling a potential rally for them in the coming session, according to the momentum indicator moving average convergence divergence, or MACD.

Among the stocks that saw bullish crossovers were ICICI Bank, Punjab National Bank, HDIL, Strides Pharma, IRB Infrastructure, Mahindra Mahindra and Rain Industries.

Meanwhile, 26 stocks, including Mishtann Foods, Prabhat Telecoms and Laurel Organics showed bearish crossovers. 218 stocks hit upper circuitsReliance Naval and Engineering, Tata Steel, Kwality and Rain Industries featured among the 218 stocks that hit their upper circuits on the BSE.

On the flip side, Atlas Jewellery India, Tinna Trade, Prakash Steelage and Trejhara Solutions were among 185 stocks that hit their lower circuits.

Kotak Bank slips 4%Shares of Kotak Mahindra Bank closed 3.71 per cent down at Rs 1,241.05 after block deals.

While the buyers and sellers were not immediately known, BloombergQuint quoting two bankers in the know had earlier reported that ING Group is looking to sell its stake in the private lender.

Dr Reddy's Labs rises 2%Extending the gains to the second consecutive session, shares of DRL climbed 2.01 per cent to close at Rs 2,637.40 after it said the USFDA audit of its Formulations Shrevepmi Plant in Louisiana, USA, has been completed with zero observations. BEML shinesShares of BEML jumped 3.99 per cent to close at Rs 817.65 on the BSE after the PSU and the US-based Lockheed Martin Aeronautics Company signed a 'Certificate of Partnership’ at the ongoing AERO INDIA 2019 in Bengaluru.

The step opens up avenues for collaboration between the two to explore manufacturing of support equipment opportunities in aerospace, the company said on Thursday. JSPL gains cloutShares of Jindal Steel Power gained 2.41 per cent to close at Rs 159.10 after media reports suggested that the company had emerged as the lowest bidder for 4.5 lakh tonne order from Indian Railways after outbidding ArcelorMittal.

The management has refused to comment on the issue.

Oversold and overbought stocksMomentum oscillator Relative Strength Index, or RSI, showed 67 stocks in the oversold zone on the BSE.

Among them were Kaveri Seed Company, Mirza International, Hathway Cable Data, Richa Industries and Keerthi Industries.

On the other hand, Aavas Financiers, Narbada Gems, SPS International and Pioneer Investcorp were among the 31 stocks that entered the overbought one. Kotak Bank, Jubilant Food slip below 200-DMAs JustDial, Kotak Mahindra Bank, Jubilant Foodworks and Vindhya Telelink were among those that slipped below their 200-DMAs.

On the other hand, BEML, Granules India, Reliance Nippon, Sharda Cropchem and Avenue Supermarts were among the ones that saw positive breakouts and traded above their 200-DMAs.