Sensex, Nifty End Flat; Yes Bank Falls Most In Over Six Weeks
The S&P BSE Sensex and NSE Nifty 50 Indexes came off intraday low levels to end on a flat note as losses in Yes Bank, IndusInd Bank, Infosys, Reliance Industries and Tata Consultancy Services were offset by gains in HDFC Bank, Kotak Mahindra Bank, HDFC and Axis Bank. Earlier in the day, benchmarks opened lower and extended declines owing to weakness in financial, IT and metal sector shares, a day after official data showed consumer inflation rose to its highest level recorded in seven months. The Sensex fell as much as 295 points while the Nifty 50 Index dropped below 11,850.
The S&P BSE Sensex ended 0.04 per cent or 15 points lower at 39,741 and the NSE Nifty 50 Index rose 0.07 per cent or 8 points to close at 11,914.
Eleven of 19 sector gauges compiled by BSE ended lower led by the S&P BSE Information Technology Index's 0.9 per cent decline.
Metal, Oil & Gas, Auto, Healthcare, Energy and FMCG Indexes also declined between 0.2 and 0.7 per cent each.
On the other hand, S&P BSE Finance Index was top ganer, up 0.3 per cent.
Mid- and small-cap shares also witnessed selling pressure as the S&P BSE MidCap Index fell 0.3 per cent and the S&P BSE SmallCap Index declined 0.5 per cent.