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Sensex, Nifty end flat ahead of GDP data

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Sensex, Nifty

Mumbai: Indian shares ended flat after hitting record highs on Wednesday as investors waited for gross domestic product data due later in the day and searched for fresh corporate triggers with the results season coming to an end.

Hopes for an improving economy have helped shares hit a string of record highs in May, with the benchmark BSE Sensex adding 4.2 per cent for the month, its best monthly performance since May 2016 and fifth consecutive monthly gain.

Sensex closed 13.6 points, or 0.04 per cent lower at 31,145.80 after hitting a record high of 31,255.28 during intraday trade. Meanwhile, the NSE benchmark Nifty settled 3.3 points lower at 9,621.25. It touched a fresh all-time high of 9,649.60 during the day.

Among Nifty stocks, Indiabulls housing Finance rose 4.22 per cent to be the top gainer followed by Mahindra & Mahindra and Ultratech Cement, which gained 4.1 per cent and 2.77 per cent respectively. Lupin and IOC were the other two prominent gainers I the index.

Among losers, Vedanta fell 2.55 per cent to settle at Rs. 238.65 followed by Infosys and Coal India, which shed 1.92 per cent each.

 

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