Mumbai: Equity benchmark sensex and nifty ends with flat notes on Thursday because monthly derivatives end amid a weak trend in the global market and the flow of sustainable foreign funds.
After trading began through a session, the 30-Share BSE Sensex ended only 4.89 points or 0.01 percent higher at 55,949.10.
Likewise, the NIFTY NIFTY rose 2.25 points or 0.01 percent to the top of 16,636.90.
Reliance Industries is the top enhancer in the sensex package, up more than 1 percent, followed by M & M, HCL Tech, Axis Bank, ICICI Bank and Hul.
On the other hand, Bharti Airtel, Maruti, SBI, Powergrid, NTPC and Tata Steel are among slow.
“The Indian market is starting to flat until negative marginal after the negative Asian market signal as a South Korean central bank interest rate, making it the first developed economy to do so in the pandemic era,” said Narendra Soanki, Head-Equity Research (Fundamental), Anand Rathi.
During the afternoon session, the market tried a comeback after buying a blue chip stock from various sectors, he said, added that positive sentiment amid reports that India’s economic growth would likely touch the highest record in the June quarter.
However, the market cut their profits in the closing session as a report from Moody’s ranking Agency said the second wave of Covid-19 India has increased the risk of assets for banks in the retail and the SME loan segment, he noted.
Meanwhile, US equity extended the increase in an overnight session with the S & P 500 and the Nasdaq witnessed the highest record highlight ahead of the Fed Chairman Jerome Powell on Friday at the Jackson Hole Symposium.
Elsewhere in Asia, the stock exchange in Shanghai, Hong Kong and Seoul ended in red, while Tokyo was positive.
Equity in Europe is also traded with losses in mid-session agreements.
The international oil benchmark crude crude fell 0.60 percent to $ 70.85 a barrel.
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