New Delhi, May 22 -- The domestic market benchmarks ended largely flat after a volatile trade on Thursday, extending the ongoing consolidation phase amid mixed global cues.

The Nifty 50 dropped 4 points to end at 23,654.70, while the 30-share pack Sensex ended 135 points lower at 75,183.36 on Thursday.

Experts expect the market to remain rangebound amid uncertainty over the US-Iran conflict, higher crude oil prices, and mixed Q4 earnings.

"Persistent foreign institutional outflows, elevated global bond yields, and concerns over inflationary pressures arising from high fuel prices keep the undertone cautious," Ajit Mishra, SVP of Research at Religare Broking, noted.

Mishra highlighted that the Nifty once again failed to sustain above i...