Nifty, Sensex end largely flat; IT stocks top drag

IT stocks were battered by a stronger rupee. Software services exporter Infosys Ltd, which closed 2.9 per cent weaker, was the biggest drag on the index.
For representational purposes (File | Reuters)
For representational purposes (File | Reuters)

MUMBAI: Indian shares ended little changed on Thursday as losses in IT stocks, pressured by a strong rupee, marginally outweighed gains in the financial sector.

The broader NSE Nifty ended 0.06 per cent lower at 10,380.45, while the benchmark BSE Sensex closed mostly flat at 34,431.97.

IT stocks were battered by a stronger rupee. Software services exporter Infosys Ltd, which closed 2.9 per cent weaker, was the biggest drag on the index.

Yes Bank Ltd, which closed 8.5 per cent firmer, was the top percentage gainer on the Nifty. Industrial conglomerate Larsen & Toubro Ltd rose 2.3 per cent to its best close since Sept. 26 after posting solid quarterly results.

Related Stories

No stories found.
The New Indian Express
www.newindianexpress.com