Indian shares gave up early gains to end little changed on Monday, with weak cues from Asia and Europe as well caution ahead of prominent earnings and macroeconomic data due this week denting sentiment.
IT and metal stocks slipped, while realty stocks witnessed broad-based buying for the second day running.
The benchmark 30-share BSE Sensex ended the session down 13.50 points at 52,372.69, while the broader NSE Nifty index edged up 2.80 points to settle at 15,692.60.
Adani Ports fell 1.5 percent on fund raising reports. Infosys dropped 1 percent ahead of its earnings results due on Wednesday.
Tata Steel, Bharti Airtel and BPCL all ended down over 1 percent.
On the positive side, Shree Cement, Grasim and UltraTech Cement rose about 2 percent each.
JSW Steel advanced 1.6 percent on brokerage recommendations.
Banks and financial companies posted broad-based gains after the RBI allowed reverse mergers of banks older than five years with their holding companies.
Ujjivan Financial Services and Equitas Holdings both soared 20 percent, while Ujjivan Small Finance Bank added 1.6 percent and Equitas Small Finance Bank surged 6.7 percent.
Kitex Garments shares were locked in the 20 percent circuit limit for the second day running after the company entered Telangana with an initial investment of Rs 1,000 crore.
Sensex, Nifty Give Up Early Gains To End Flat
2021-07-12 10:55:35
