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Equity indices end flat, Jet Airways down over 16 pc


Equity benchmark indices ended flat on Thursday amid tepid global cues as investors remained unclear over possible outcome of a trade deal between the and

The market sentiment picked up during late hours but failed to wipe out morning losses. The BSE Sensex closed 15 points lower at 39,741 while the showed a gain of 8 points to settle at 11,914.

At the (NSE), most sectoral indices were in the negative zone. Nifty bank, financial service, realty and media gained some ground.

Shares of sunk 16.7 per cent to a record low at Rs 91.95 per share after NSE said the will soon no longer be traded in the derivatives market. In a bid to curb speculative trading, intraday trading in the stock will also be barred from June 28.

shares dropped 13.47 per cent and IndusInd Bank's by 4.62 per cent after Swiss multinational brokerage house slashed their price target by 47 per cent and 18 per cent respectively, citing weak earnings going ahead.

closed at Rs 116.60 per share while IndusInd was down at Rs 1,497.35 per share. and Maruti also lost by over one per cent.

However, shares of Housing Finance climbed 11.86 per cent in a knee-jerk reaction to the announcement that Abhay Yadav, who had filed a petition against promoter and the company over alleged fund misappropriation, has withdrawn his in the

Meanwhile, Asian shares fell for a second day with shares in and leading declines. The selling pressure in came after a mass demonstration against legislation that would allow citizens to be extradited to

Investors said hopes that the and will clinch a deal on the sidelines of a Group of 20 summit meeting in on June 28 and 29 have been fading.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, June 13 2019. 16:27 IST