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The Sensex and Nifty ended on a flat note, giving up gains from earlier in the session, as the rise in information technology and metal stocks was offset by losses in realty and banks.The NSE Nifty 50 index was up 0.03 per cent or 5.05 points at 16,682.65, while the S&P BSE Sensex rose 0.06 per cent or 33.20 to 55,702.23, with the indexes snapping three consecutive sessions of losses. Nifty50 on Friday failed to capitalise on a gap-up start, as it ended up forming a bearish candle on the daily chart, with a long upper wick, reflecting selling at higher level. But analysts took a sign of relief, as the index did not see a follow-up selling after breaking a key range in the previous day. The level of 16,600 will be a key support to watch out for going ahead. Two-wheeler maker Hero MotoCorp rose 3.8% and was among the top gainers on the Nifty 50, lifting the auto index 0.4%.Dabur India closed 1.7% lower after the fast-moving consumer goods maker reported a 22% decline in consolidated net profit for the March quarter. Adani Power was 4.4% higher. The company's net profit for the March-quarter surged to 46.45 billion rupees from 131.3 million rupees last year. But, it also signals a halt in a sharp follow-through weakness after a sharp downside breakout of the 16,800 level in the previous session. If Nifty50 manages to sustain above 16,600 level and shows upside bounce from here, then one may expect chances of upside bounce in the market.