Indian share benchmarks end flat

MUMBAI: India’s equity benchmarks ended little changed on Monday, in line with the muted moves over the last two weeks, as foreign outflows and ongoing uncertainty surrounding a potential trade deal with the US dampened sentiment.

The Nifty 50 fell 0.08 percent to 26,027.30 points and the BSE Sensex lost 0.06 percent to 85,213.36. The rupee hit another record low at 90.785 per dollar.

Foreign outflows from Indian equities have totalled USD2 billion so far in December, marking the worst sell-off in three months.

Nine of the 16 major sectors rose. Small-caps gained 0.2 percent, while mid-caps lost 0.1 percent.

India’s blue-chip indexes have eased about 0.5 percent over last two weeks as investors booked profits near record-high levels amid uncertainty over the India-US trade deal.