Nifty, Sensex end largely flat; IT stocks top drag

Image
Reuters
Last Updated : Nov 01 2018 | 4:15 PM IST

(Reuters) - 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 percent 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 percent weaker, was the biggest drag on the index.

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

(Reporting by Chris Thomas in Bengaluru, Editing by Sherry Jacob-Phillips)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 01 2018 | 4:07 PM IST

Next Story