Sensex, Nifty end flat; DRL up, Hero MotoCorp down


The 50-share NSE Nifty jumped 81.75 points, or 0.81 per cent, to scale a life high of 10,167.15, breaking its previous intra-day record of 10,137.85 hit on August 2.

The BSE market breadth was bearish with 1,311 declines and 1,293 advances.

"Markets ended marginally lower on Wednesday as the Nifty continued to consolidate".

According to market observers, investors were cautious ahead of the two-day US Federal Reserve meeting slated for later in the evening (India time). Asian markets logged healthy gains and European shares jumped to a higher opening, tracking Wall Street hitting fresh highs on Friday ahead of this week's U.S. interest rate call and cooling North Korea tensions, traders said. "Investors could now be eyeing GST rate revisions and updates on GST implementation in petroleum products to take the next crucial step", said Anand James, Chief Market Strategist, Geojit Financial Services Ltd.

Indian shares ended largely unchanged on Wednesday as gains in market heavyweight Reliance Industries Ltd were more than offset by profit-taking in stocks such as ICICI Bank Ltd.

In terms of investments, provisional data with the exchanges showed that FIIs sold scrip worth Rs 1,185.44 crore while domestic institutional investors (DIIs) purchased stocks worth Rs 946.23 crore.

The Sensex touched a high of 32,499.88 points and a low of 32,383.82 during intra-day trade. It closed at Rs 847.10 per share - up 0.85 per cent. "Ashok Leyland, Asian Granito, Bombay Dyeing, Centrum Capital, Hexaware Tech, IGL, Meghmani Organics, Punj Lloyd, Trident and Yes Bank, among others, were among those stocks", Desai told IANS.

In contrast, Dr Reddy's was the leader by rising 3.33 per cent, to Rs 2,313.60, followed by Tata Steel 1.64 per cent, to Rs 687.65 on unabated buying activity.

Laggards included Coal India down 1.7 percent, Tata Motors fell 1.8 percent, Hero MotoCorp dropped 2 percent while Hindustan Unilever lost 1.1 percent.