Indian shares ended Monday’s session on a flat note, though key indexes Sensex and the Nifty both ended at record highs, led by automakers and property developers on expectations of improvement in demand scenario from October. IT stocks were among the laggards.
The benchmark 30-share BSE Sensex ended up 29.41 points, or 0.05 percent, at a fresh record high of 60,077.88, while the broader Nifty 50 settled up 1.90 points at 17,855.10.
Auto stocks extended gains for the fourth straight session, with Hero MotoCorp, Tata Motors, Mahindra & Mahindra and Maruti Suzuki climbing 3-6 percent as ratings agency ICRA revised up its 2021-22 real GDP growth estimate for India to 9 percent from the earlier 8.5 percent.
ONGC advanced 2.8 percent as Brent futures headed towards $80 per barrel on supply concerns and amid optimism over rising demand.
On the losing side, technology stocks ended lower to snap four straight sessions of gains. Wipro, Tech Mahindra and HCL Technologies fell 3-4 percent.
Sensex, Nifty End On Flat Note
2021-09-27 11:13:22
