Sensex closes flat; Idea Cellular ends down 11%

Indian shares ended steady on Friday, skidding from a seven-month high hit earlier in the session, as gains in agriculture-related stocks and automakers were offset by a slump in Idea Cellular.

The broader National Stock Exchange (NSE) Nifty ended 0.02% higher at 8,220.80, but rose 0.76% this week to mark a second consecutive weekly gain.

The benchmark Bombay Stock Exchange (BSE) Sensex ended unchanged at 26,843.03.

Add Zee Business as a Preferred Source

Both indexes had earlier hit their highest levels since late October.

Shares of Idea ended 11% down after Providence Equity Partners sold a 3.5% stake in the wireless provider.