Nifty ends flat ahead of earnings season

Market ended with minor gains after a volatile session on small buying in key FMCG, pharma, banking and financial counters to settle with a marginal 1.95 points gain at 8,337.90.
The earnings season is scheduled for next week and the Monsoon session is slated to begin from July 18.
Though the market showed resilience after the UK vote to exit the European Union, investors digest implications of the development and are trying to get a sense of the fuller impact.
The range-bound session saw investor mostly undecided due to holiday mood with key indices witnessing stock specific action as well as ample profit-booking on recent gainers on the back of somewhat mixed Asian cues and higher European opening as the market finally ended with marginal gains.

Shares of Punjab National Bank rose 3 per cent as its subsidiary PNB Housing Finance has approached Sebi for an initial public offer to raise Rs 2,500 crore.
Besides, Lupin climbed over 6 per cent after it received Establishment Inspection Report (EIR) from USFDA on inspection carried out last year.

Meanwhile, recent gainers of IT, auto, PSU banks, infra and energy witnessed profit-booking followed by second-line mid-cap company shares.
Elsewhere, Asian shares mostly rose as overnight data indicating a strengthening US economy offered some respite from the recent market turmoil.
European shares were higher after a three-day losing run, buoyed by gains in consumer goods.

The 50-share index resumed higher at 8,342.00 and moved in a range of 8,361.95 and 8,317.70 before closing at 8,337.90, gaining marginally by 1.95 points or 0.02 per cent.
Meanwhile, foreign portfolio investors bought shares worth a net Rs 265.63 crore on Tuesday, as per provisional data.
Major gainers were Lupin (5.94 per cent), Hindalco (3.28 per cent), HUL (3.16 per cent), HDFC (2.37 per cent) and Dr Reddy's (2.15 per cent).
Losers include Tata Steel (4.78 per cent), Zeel (3.05 per cent), HCL Tech (2.88 per cent), TCS (2.23 per cent), Adani Ports (2.10 per cent).
A total of 871 scrips gained, 745 declined while 67 were unchanged.

Turnover in cash segment climbed to Rs 18,571.64 crore from Rs 17,204.20 crore yesterday.
A total of 14,711.14 lakh shares changed hands in 84,03,012 trades. The market capitalisation of NSE stood at Rs 102,15,236 crore.