Sensex, Nifty end flat, Tata shares up
Tata companies were in focus with Tata Steel gaining 0.3%, Tata Motors 0.8% and TCS 0.5%.business Updated: May 09, 2017 15:51 IST
Indian shares closed flat on Tuesday with the benchmark Sensex reclaiming the 30,000-mark in early trade after investors built more bets and domestic financial institutions continued buying amid mixed Asian cues.
Tata companies were in focus with Tata Steel gaining 0.3%, Tata Motors 0.8% and TCS 0.5%.
Asian shares traded mixed even though Wall Street clocked another record.
The BSE 30-share index rose added 82 points, or 0.3%, to touch 30,008 on sustained buying activity in early trade. However, the Sensex gave away early gains and closed almost flat at 29,933. The Nifty too closed near Monday’s level at 9,317.
All sectoral indices led by realty, consumer durables, metal, power and capital goods were trading in the positive terrain, rising up to 1.96%.
Traders said that widening of positions by retail investors coupled with sustained buying by domestic institutional investors kept the bullish sentiment high.
Hong Kong’s Hang Seng rose 0.36%, while Japan’s Nikkei shed 0.26% in early trade. Shanghai Composite Index fell 0.03%.
The US Dow Jones Industrial Average ended 0.03% higher on Monday.
(With inputs from PTI)