Sensex Falls Sixth Time In Eight Sessions; Nifty Ends Flat
Indian equity benchmark ended lower for a sixth time in eight trading sessions this month as index heavyweight Tata Consultancy Services Ltd. dropped after multiple block deals.
The S&P BSE Sensex Index closed 0.2 percent lower at 33,856.78, while the NSE Nifty 50 Index ended flat at 10,426.85.
The market breadth was tilted in favour of buyers. Nine out of 11 stocks compiled by NSE advanced, led by NSE Nifty PSU Bank Index's 2.3 percent gain. On the flipside, NSE Nifty IT Index was the top sectoral loser, down 1.5 percent.
European Stocks Hold Steady As Investors Await U.S. Inflation
European stocks are little changed as traders turn their focus to U.S. inflation and retail sales data for clues on the trajectory of monetary policy ahead of the Federal Reserve meeting next week.
Block Deal Alert
- Arvind: About 30 lakh shares changed hands in two block deals.
Buyers and sellers were not known immediately.