The benchmark indices Sensex and Nifty pared early gains to settle flat amid mixed global cues ahead of US President Donald Trump's meeting with North Korean leader Kim Jong Un. Investors were jittery as US Federal Reserve will kick off its two-policy meeting tomorrow with the central bank expected to hike interest rates by 25 basis points. 

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The Sensex ended at 35,483, up 39.80 points, while the broader Nifty50 settled at 10,786, up 19.30 points. In the broader market, BSE Midcap remained unchanged, while the BSE Smallcap shed 0.5 per cent. 

Optimistic buying in blue-chip stocks ahead of release of industrial production data for April also drove stocks higher, particularly in early trade. Retail inflation data for May is scheduled to be released tomorrow.

Market breadth, indicating the overall health of the market, turned positive. On the BSE, 1,529 stocks rallied, 1,147 stocks slipped, while 156 stocks remained unchanged.  

"Market traded positively during most part of the day supported by favorable global cues. However, a consensus estimate of higher CPI inflation for the month of May at 4.8% and a caution ahead of FOMC meeting during the week influenced profit booking. On the other hand, progressing monsoon and positive outlook on rural economy will give some respite to equity in the near term," said Vinod Nair, Head of Research, Geojit Financial Services.

The top gainers on the Sensex were Bharti Airtel, Sun Pharma, IndusInd Bank, Maruti Suzuki and Dr Reddy`s Lab whereas Tata Steel, Power Grid, Coal India, Yes Bank and Tata Motors (DVR) were the major losers.

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On the Nifty, Bharti Airtel, Grasim Industries and UltraTech Cement were the highest gainers while Tata Steel, UPL and HCL Technologies lost the most.

Among individual stocks, Inox Wind Ltd dropped 8.6 per cent to a record low after the company said its auditors Patankar & Associates (P&A) resigned, citing "time constraints". The stock settled 2 per cent lower at Rs 91.15.

63 Moons Technologies share price rallied 20 per cent to hit its upper circuit after the National Company Law Tribunal dismissed Ministry of Corporate Affairs' plea to supersede board of company in connection with payment defaults pertaining to its unit National Spot Exchange. 

Meanwhile, DIIs bought shares worth a net Rs 459.44 crore, while foreign portfolio investors sold equities to the tune of Rs 222.50 crore on Friday, provisional data showed.