Mumbai, May 7 -- The headline equity benchmarks ended near the flatline with marginal losses on Thursday, weighed down by volatility related to the weekly Sensex derivatives expiry. However, the broader market outperformed, supported by optimism over a potential US-Iran peace agreement and easing geopolitical tensions. Brent crude prices slipped below the $100-per-barrel mark, while the rupee strengthened against the dollar, lending support to investor sentiment. Market participants also remained focused on ongoing Q4 earnings announcements for fresh directional cues.

The Nifty settled below the 24,350 mark at the close of trade. Among sectoral indices, consumer durables, IT and FMCG shares declined, while auto, realty and chemical stock...