Indian markets close flat

BSE Sensex opens lower

BSE Sensex opens lower

The 50-issue Nifty gained 21.60 points, or 0.22 per cent, to close at 9,675.10, surpassing its previous record closing of 9,653.50 on June 2.

The BSE 30-share Sensex resumed flat at 31,274.74 and oscillated between an all-time peak of 31,355.42 and a low of 31,198.22 before ending at 31,309.49, a rise of 36.20 points, or 0.12 per cent.

Both Sensex and Nifty were trading at a new life time high.

The BSE mid-cap closed at 14824.06 up 0.15%, whereas BSE small-cap Index closed at 15409.95 up 0.65%.

June 5 Indian shares ended at their record highs on Monday, in a session driven by lenders, although gains were subdued ahead of a central bank policy meeting this week. Even the broader markets came off day's high but still outperformed equity benchmarks.

Muted global cues and caution ahead of RBI's monetary policy review due this week served to limit overall gains to some extent.

Anand James, Chief Market Strategist, Geojit Financial Services, said: "Banks hauled indices higher, helped by increased optimism over NPA (non-performing assets) resolution, while GST (Goods and Services Tax) rates announced over the weekend were also instrumental in fuelling a few stock rallies in the mid-cap space".

In investments, provisional data with the exchanges showed that foreign institutional investors (FIIs) purchased stocks worth Rs 476.64 crore, while domestic institutional investors (DIIs) bought scrips worth Rs 13.62 crore. The market is in wait-and-watch mode.

On the other hand, Coal India (1.23%), ITC (0.67%), Infosys (0.62%), Wipro (0.44%), HDFC Bank (0.23%), and Housing Development Finance Corporation (0.19%) were the major losers in the Sensex.

TCS, Bajaj Auto, Adani Ports, Cipla, L&T, Indiabulls Housing, Yes Bank, Bharti Infratel and International Olympic Committee were leading gainers whereas Coal India, GAIL, Dr Reddy's Labs, Infosys, Lupin and UltraTech Cement dragged the numbers down.

This is published unedited from the IANS feed.

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