Sensex trades flat, financial stocks fall
The top gainers on the Sensex were Larsen & Toubro, UltraTech Cement and Sun Pharmaceutical Industries
The top gainers on the Sensex were Larsen & Toubro, UltraTech Cement and Sun Pharmaceutical Industries
On the other hand, Asian Paints, Dr Reddy's, HCL Tech, HUL and Bharti Airtel were among the gainers.
HDFC, ICICI Bank, HDFC Bank were among the top losers Axis Bank contributed the most as it plunged over 3 per cent on the BSE charts.
On the global front, bourses in Shanghai, Hong Kong, Seoul and Tokyo ended in the red, while those in Europe opened on a positive note.
ICICI Bank, Kotak Bank, HUL, HDFC, IndusInd Bank, HDFC Bank and Nestle India were among the top drags in the Sensex pack.
RBI's announcement follows Franklin Templeton Mutual Fund's move to close six debt schemes amid liquidity crunch.
The BSE Sensex ended 248.57 points or 0.63 per cent higher to 39,683.29 after touching an intra-day high of 39,821.94 and a low of 39,353.16. The Nifty advanced by 80.65 or 0.68 per cent to 11,924.75.
Index-wise, the wider NSE Nifty50 closed at 11,143.10 points, lower 91.25 points or 0.81 per cent from the previous close of 11,234.35 points.
