MUMBAI: Indian benchmark shares settled flat on Tuesday, weighed by losses in information technology stocks and thin year-end trading volumes as investors looked to the upcoming third-quarter earnings season for a confidence boost.
The Nifty 50 added 0.02 percent to 26,177.15, and the BSE Sensex shed 0.05 percent to 85,524.84.
On the day, nine of the 16 major sectors logged losses. The broader small-caps rose 0.4 percent while mid-caps closed flat.
“The market is consolidating after a strong rally in the last two sessions. We are seeing some resistance for Nifty 50 around 26,200-26,210 points,” said Nandish Shah, senior derivative analyst at HDFC Securities.
In the last two sessions, the 50-stock Nifty rose 1.4 percent and the Sensex gained 1.3 percent.
Comments